Evening Star Newspaper, June 20, 1923, Page 28

T FINANCIAL. ' FAILURE CAUSES BIG, BREAK N STOCAS Prices Again Crumble as News Spreads—Opening Had Been Stronger. BY STUART P. WEST. Special Dispateh to The Star. NEW YORK, June 20.—Today’s fluc- tuations on the stock exchange re- flected the sharp cleavage in profe: sional opinion regarding the imme- dtate drift of things. The better class of brokerage opin- fon continued to maintain that the downward movement of the last ten days was nothing more than a sec- ondary reaction after the rally in the first week in June and that it did not mean the beginning of a genuine bear market. Professional operators. however. who have been making mon- ey on the short e were naturally pessimistic in their expressions, These opposing points of view in the sharp up which characterize tions. the day’s opera- Market Opens Higher. At the cpening the market was higher and this strength was sus- taincd for an_hour or so. Midway through the forenoon some of speculative favorites were up 2 and 3 from their low of Mon- Tuesday. But the rally had due to short covering when thi; slackened bear ders commenced to get busy n Locomotive picked aut as one of the special objects of attack. for no reason Dt that it had not had anvthing the de- cline which other industrials had gone hreugh. Coprer ste were definitely weak. althcugh there was nothing really new in the copper trade to account for the selling. decline in this gronp did not appear to be due to conditions in the copper metal itse's. but rather to the fact that this class of stocks had not been as much 1idated during the de- line since the beginning of April as st of the other groups.. Moon Motors at 27 was within only ittle over two points of its highest, notable record in such a_ market The stock had evidentily not discount- ed the extra dividend de The same was true of Packard Motors, which ran up from to 14 on overnight news of a 2 per cent extra in addition to the 2 per cent regular Fallure Starts Selling Wave. With the announcement of Zimmerman & Forshay failure a sell- ing movement broke out which for an hour or =o in the afternoon was quite viole Among the specula- tive industrials there was losses of 2 to nd up to 5 points from the high of the forenoon Steel common and Baldwin tive made new lows for the yve: American Can below 90 was off 1 points from the high of a few weeks ago One of the sensations was ing in By Brothers' s the A stock getting down nearly 10 point and the B stock over 6 from ihere they were selling the preceding day In “quarters usually well informed on these stocks the selling wa cribed to the fail here is no hange in the financial position of the company; the earnings are very sat- isfactory, the recapitulation is to be held up until market conditions get better. but in the meantime the president of the company was quoted RS saying new common. which is to take the place for present B shares, will pay 21 per cent Instead of the £ per cent now distributed Coppers Very Weak. The coppers were among the wea €est, with an Anaconda below 41. Ken necott ~below 33 and Inspiration around 29. These represented new lTows for The steel shares were better take re of than most oth- ers. despite the new low for United States Steel common. Packard Motor was a strong fea. ture again today following the an nouncement that in addition to th. regular quarterly idend of 2 per cent, an extra dividend of per cent had been declared on the com- mon. As reported on the previous day Packard earned $1,000.000 net, after taxes and all charges, in the month of May. and the indications are that for the first nine months of 1923 the net will total something like £5.000,000 Austi low fo no reasen exc Americ the Locomo- asl ues, to a new ently for ck of effective ppor been heard re- rding earnings and dividends of this company, but the sponsorship of the stock, according to some olb- servers, does not indicate buying that would seem to he warranted on the basis of the information given out In the street STOCES THROWN OVER. By the Associated Press. NEW YORK, June 20 ment of another ure following 1 tive report that member was in difficulty precipitated a flood of liqui- dating orders by frightened investors. Speculators for the decline seized the Announce- hange fail opportunity also for aggressive short | selling. The market had shown con- siderable strength earlier in the day, prices rising 1 to 3 points on the belief that “forced liquidation had een completed. Sa a OXi! 1,100,000 shares. A The closing was w sharply in the late dealings on liqui dation of pool holdings, selling frightened investors and aggre: short selling. Virtually the entire list sank to low levels for the year, with United States Steel falling be- low 91. k. Prices broke —_—— PHILADELPHIA REPORTS ACUTE HOUSE SHORTAGE Bpecial Dispatch to The Star. PHILADELPHIA, June 20.—The Philadelphia Housing Association re- ported today that the house shortage here was acute. Bul .74 per cent out of every 1,000 houses canvassed by the assoclation are vacant and inspection of these shows that few of them are avaailable for renting. Practically no_vacancies exist in the Kensington, Tacony, Brewerytown, Manayunk and Germantown factory sections, ALASKA RAILROAD DONE IN 9 YEARS ON 470 MILES Laying of the last mile of track en the Alaskan railroad will be com- pleted this week, permitting imme- dlate through passenger and freight traflic without change of cars be- tween Seward and Fairbanks. nstruction of the 470 miles of rallroad between the two termini, the Department of the Interior said in an announcement of the road's completion, will have taken exactly nine years, three months and five aays. PARIS MARKET SPOTTY. PARIS. June 20.—Prices moved ir- regularly on the bourse today. Three er cent rentes, 56 francs 65 centimes. xchange on London, 74 francs 15 centimes. Five per cent loan, 75 franes 20 centimes. _The dollar was quoted at 16 francs 5l centimes. L. AND N. BOOSTS WAGES. BIRMINGHAM, Ala., June 20.—In- erease in wages of 2 cents an hour has been granted nearly all classes of labor in the mechanical department of the Louisville and Nashville rail- road, involving twenty shop crafts, it ,was announced here yesterday, It be-effective from June -l. the | The | laration. | the | Adams Express. Adv Rumley Alr Reduction. . Afax Rubber.... Alaska Gold Alaska Juneau.. Allled Chem - Allls Chalmers. . Am Agr Chem Am Ag Chm pf.. Am Beet Sugar.. Am Bosch. AmCan... Am Car & Fdy' Am Chain A. Am Chicle Co. Am Chicle pf Am Cotton Ol Am Cot Ofl pt. Am Druggist. Am Express Am H & Leath Am Ice. . Am Internat Am Linseed. . Am Linseed pt.. Am Locomo. . Am Locopf..... Am Loco (new) . Am Metals. ... Am Roll Mill pt. Am Safe Razor.. | Am Ship&Com. . { Am Smelting. Am Smelt pt Am Snuff. . Am Steel Fdy. | Am Sugarpe. | Am Sumatra. Am Te) & Telg.. Am Tobacco. ... Am Tobac (B).. Am Water Wka. Am W Wk6% p { Am WWKT% pt. | Am Woolen. . Am Woolen pf. . Am Woo) pt f pd. Am Writ Prpf.. Am Zinc&Lead. . Anaconda. . Ann Arbor pf. Arnold Co. . Asso D Goods. Assoclated Ol Atchison c | Atchison pf..... Atlar. Cst Line. . Atlantic Gulf. At Guitpt. | At: Fruit ctfs Atlantic Ref. Atlas Powder. . . Atlas Powder (n) Atlas Tack..... Austin Nichol Auto Knitter... Auto Sales Taldwin Loco Balto & Ohlo. | Ralto&Ohio »f.. { Barnesdall (AY. | Barnesdall (B). { Beechnut Pack. | Beth Steel. ... | Beth St177%(n) .. { Booth Fish. | Bklyn Edison. .. Bilvn Rap Trn BKlvn R T ctfs Brown Shoe. ... { Brunswk Term. Rurns 5108 (A). Burns Bros (B). Rutte Cqpper. .. | Butte & Super.. | Butterick...... | Callf Pack.. Calif Petrol . Calif Petrol pf.. Callahan Zine Canad’'n Pac. - | Case Plow Wks. | Central Leath | Cent Leath pt | Century Rib Mills Cer o de Pasco.. | Chandler Mot.. .. | Chesap & Ohfo. , | Ches & O f wi.. Chi& Alton. . Chi & Alton pf.. Chi & East 111 '(‘hi&El”Df. - { ChiGrt West. .. { Chi Great W pt. | Cht M1l & St P. { Chi Mi1&StP pt. Chi & Northwn. Chi & Nwn pf. {CStPM&OD.. | Chi Pneu Tooul.. |Chi R1& Pac... Chi BT &P6%pt.. Chile Copper. ! Chino Copper... IClueu Peabody. | Coca-Cola. | Colo Fuel. | Colo & Sonth. Columbn Carbon. ; Columbia Gas. .. ColumblaGaswl Columb'a Grap. . Col Graph pf. { Com Soiv A “Comp Tabulat | Conley T Foil. | Cons Cigar. Con Gas new. Cons Textile Cont Can Continental Cosden & Co Cructble Steel Cuban-Am Sug. Cub Cane Sus. Cuba Cane S pt. { Cuban Dom'can. Cuyamel Fruit.. Davidson Chem. Del & Hudson D Lack & Wstn. Dome Mines. ... Douglas Corpn. . Dupont (EI)... Eastman Kod Elec Stor Bat. ., Elk Horn Coal.. { Endicott-John.. Endicott-J pf. Erle Erfe 1st pt Erfe 2d pf. Exchange Buff.. Famous Play. Famo Fed Mines & S.. Fd Mines&S pf.. Fif Av Bus wi... Fisher B of O pf. Fisk Rubber. Fleishman Foundation Co.. Freeport Texas.. Gen Am Tk Car. Gen Asphalt Gen Clgar. . Gen Blectric. Gen Elec spl wi. Gen Motors. ..... Gen Mot 6% deb. Gen Mot 7% deb. Gimbel Bros.... Gimbel Bros pf.. Glidden Goldwin Corp Goodrich. . Goodrich pf. Goodyear pf... Gray & Davi Gz Northern pt.. Great Nor Ore... Guantana Su: Gult St Steel. Harbishaw Cab. Hayes Wheel Hendee Mfg. Homestake. Househ'd Pr Houston Ofl Hudson Motor: Hupp Motors. Hydraulle St1 Illinols Central. Ind Oll & Ga: Indiahoma. Iniand Steel w1, Inland Stlpfw 1. Inspiration. Interb Rap Tr. In Ag Chemical. 1n Ag Chem pf.. intCement..... 1n Combust E... Int Harve Int Harvester pt g08% 108% 108% 108% | U S Realty pf... Play pt__ 9 Open High. Low. Close. T T1% 1% 12 62% 84 % 1% 67 40% 16 42 35 36 92 155% 12 62% 8% h 1% 68 40% 164 42 35% 35 93 166% 6215 991 2% 4% a4 541 4% 12% 204 364 T6% 12 60% 8 % 1% 66% 39% 16 40% 34 30 87% 165% 8% 42 5% 14 5 97 8 0% 18% 18% 40 1313 118% 66% 44 99 bie 5T% 97 33 16% 7415 1081 108% 108% 9715 9TH 9T 76 29% 7 2578 20% 65% 77 29% 7 257 20% 65% 5k 28 74 24% 18 65 6% T7% 76 20 301 46% 98 82% 2% 29 691 12% 214 60% Tl 30 30% 46% 98 2% 1 23 29 69% 12% 22% €1 T4 28 30% 464 93 82 % 2% 29 6915 12 20 59t 7 441 449 43% 8%, 8% 8 Corn Products.. 131% 133% 180 48% 43% 41% 68 27 11 6814 2% 11% 656% 25 10% 44% 45% 48% 6% 59 6% 59 6 57% 34% 341% 30% 112 112 109 115% 115% 110% 37 14! 119% 554 14% 66% 12% 37% 14% 120 57% 14% G 12% Detroit Edison.. 102% 102% 102% 36 14 116% . 103% 104% 102 55'% 14% 65% - 115% 115% 115% 11% 19% 19% 17% 13% 13% 13% 24% 24% 28 5% 5% T4 7 38% 8% 7 38% 8% 0% _90% _90 __ 50 4 37% 8t 97% 97% 97 9 41% 67 1 9 42 67 L 11% 8% 414 67 11 48% 48% 454 291 29% 26% 823 821 82 177% 177% 173% 10% 14 824 974y 43 99 % 4% 28 86'% 47% 9 71 28% T ki K3 33% 13% 63% 8215 65 22% 19 2% 109 6% 4% 10% bty 82% 97% 43 99 % 4% 28 86% 475 9 7114 28% % ki % 34 13% 63% 324 56 28% 19 2% 109 6% 4% 10% 14 £2% 7% 43 99 el 4% 26% 86 46% 9 70 27% Tih % % 33 13% 63% 31y 63 22% 18 % 107% 6% 4% 36h 364 35 100 29 13% 3% 10% B4 21 79 100 29% 135 3%, 10% 35 21% 9 100 27% 13% 3% 10% 33% 203 8 1% 12 60% 8 % 14 | 66% ! 39% | 16 40% 84 30 87% 166% 21% 9 42 5% 11 5 97 8 904 18% 18% 40 | 131% 118% 66% 44 99 5% 1% 5T% 97 135 33 67 101% 161 118% 142% 140% 21% ¢ 3 120% 2% 4% 1t 54% 4t | 114 20 35 741 1081 974 77 28 7 2414 18 65 [ 28 30% | 46t 93 32 1 23 29 69% 12 22 59% 7 3% 8 130 41% 65% 25 10% 43% 6 57% 30% 109 110% 102% 36 14 116% 102 56% 14% 65% 115% 11% 17% 13% 28 74 7 374 8% 97 8% Aty 67 1% 45% 26% 82 172% 10% 14 B2 | 9734 43 99 k'Y 4% 26% 86 16% 9 70 7% 4% 8% | % 33 13% 63% 81% 53 22% 18 21 107% 6% 4% 35 100 27% 134 3% 10% 33% 20% 18 THE EVENING Open. 6 26% 13% 82 38% 65% 66 10% 394 39% " 19 62 565 107 19'% 61 91 £ 324 37 344 5 213 20's 61 6214 15% v 7 43 151 72 89 81 604 301 284 75 52% Int Mer Marine Int M Marine pf. Iat Nickel Int Nickel pf Intl Paper. Int Shoe. Int Tel & Teleg. Invincible O1l. Iron Product: Iron Prod ctf: Island Oil Jewel T Jewel Te: Jones Tea. Jones & L'gh pf. KansasCity S... Kansas C So pf.. K C P&Lt 1st pf. Kansas & Gulf. Kayser (Julius). Kelly-Spr Tire. . Kennecott. . Keystone Tire. Kresge (SS). Lee T & Rubber. Lehigh Valley Lima Locomo. Loews Inc. Loft Inc. . Loose-Wiles. Lorillard (P). Mack Trucks. .. Mack Trucks 1at. Mack Truck 2d.. D Mallison & Co. Mallison&C pt Manati Sugar. Man El inv guar. Manhat Shirt. Market St Ry. Market St prior. Market St pf.... Market St R 24.. Marlazd Ofl..... Martin-Parry... Mathison Alkill. Magwell (A).... Maxwell (B).... May Dp Stores. McIntyre Por. Mex Seaboard .. Mex Seabd ctfs.. Miami Copper... Middle St Ol Midvale Steel. Minn & StL (n). MoK & T (new). MK&T pf clA (n) Mo Pacific. ... Mo Pacific pt. ... Montg'v W'rd... Moon Motors. ... | \other Lod, Morris & Essex. { Mullins Body . Nash Morors. ash Motors pf. Natl Acm, Nat Biscuit..... at] Cloak & S.. at Cloak&Spf. . at Conduit. . atl Dept Stores. atl Dept Sto pf. Natl Enamel tl Lead....... Natl Ry of M 2d. evada Copper. Or Tex&Mex. . N Y Alr Brake 5% NY Air Brk(A).. 47% N Y Central..... 101% Y Dock....... 18% NYNH&Harttd.. 16% Y O&Western. 161 orf & West. ... 105 orth Amer. 20 North Pacific. 0% Ohio Fuel Sup. . Onyx Hoslery. Orpheum Cir. Otis Elevator. Otis Steel Otis Steel pt Owens Bott Pacific Develop. Pacific G & El.... Pacific Oll. Packard M Packard Mot pf. Pan-Am Pete. Pan-Am P (B).. Parrish & Bing. Penn Seabd Stl.. Penn Coal & C'ke Pennsylvania... People’s Gas Pere Marquette. Philadelphia Co. Philip Morris. Phillips J pf. Phillips Pete Phoenix Hoslery. Plerce-Arrow... Pierce-Ar pf. Pierce Oll. Pitts Coal pt Pitts & W Va Postum Cereal. Postum Cer pf.. Pressed Stl Car. Produc & Ref... Prod & Ref pf... 43% Pub Serv (new). 46 Pub Serv pf (n).. 102 Pullman Co <17 Punta Alegr 53 Pure Oil. 18% Railway St1Sp.. 106 Rap Tr Sec w. 14% RapTr Secpf wi 39% Ray Con Cop.... 12 Reading........ 737 Reading 1st pf.. 51% Reading 2d pf... 50% Remington 85% Replogle Steel. 15% Rep Ir & Steel.., 47% RepIr & Stipf.. 87% Reynolds Spr. 19 Rey Tcbac (B).. 64 Royal Dutch.... 467 St Joseph Lead.. 18% StL&San Sran.. 20 StL&SanSrpf.. 42% StLSouthwn... 3% St L South pf. 58 San Cecll Su 2% Savage Arm 22 Schulte Stores.., 91% Seaboard AlrL.. 6% Seab'd ALpf... 1l Sears Roebuck.. 73% Sears Raebk pf.. 108% Seneca Copper. 6% Shattuck-Ariz 7 Shell Tr&Tran.. 35% Shell Unfon. .... 15% Shell Unlon pf.. 91% Simmons. ... . 28% Simms Petrol. 8% Sinclair Ofl 23% Sinclair pf. 98% Skelly Oil 18% So Porto Sugar.. 42 South Pacific. 88% Southern Rwy 35% Southern Ry pf.. 66% Spicer Mfg Co 15 St Ofl of Calit. 50% Stand Oil of N, 3214 St Ofl of NJ pf... 116% Sterling Prod.... b4% Stew't-Warner.., 82 Stromb'g Carb... 64% Studebaker-. .. ... 106% Submar'e Boat... 9% Superfor Ofl. 3% Superlor Steel... 27 SweatsCoof A.. 1% Tenn Copper 9% TexasCompany. 42% Tex Gulf Sulph.. 581 Texas & Pacific. 21% Tex&PC&OIl. 10% Third Avenue... 12% Timken Bearing 38 Tobacco Prod... bl% Tobacco Prod A. 81 TransContOll.. 6% Underwcod 167% Underwood r 1 Union Ofl..... Union Pacific Un Tank Car. Un Alloy Steel United Dru; United Fruit United Ry Inv... Utd Retalil Strs. . Utd Ry Inv pf... USCastIrP. U S Food Prod U S Hoffman M.. U S Indus Alco, USRealty. 994, 42 991 111 58% 368, - % 133% 95% 102% High. 6% 26% 13% 82 39% 65% €6 10% 394 39% % 19 62 67 107 19% 51 o kel 32% 874 34% 5 213 20% 61 635 15% 7 43 151 66 83% 66 9% 3% 27 1% 9% 43 58% 22% 10% 12% 38% 51% 81 % 167% z % 183% 86% 3¢ 80 167 11% Té% 34% 24% 3 1% 51 95% 102% | NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office 7 35 91 8% 23% 03 17 40 66 15 50 8% 6184 8% 3% 27 1% 8% 42 57 21 105 12% 36% 49% 9% 5% 167% 1 % 132 86% 824 80 167 3% 33 23 3 15% 4T% 94% 102 86% 80 167 11 8% 33 23 2% 15% 47% 4% STAR, WASHINGTON, D. C, WEDNESDAY, HIGH-GRADE BONDS | DISPLAY WEAKNESS Large Blocks Offered Over Counter—U. S. Government Issues Hold Steady. BY GEORGE T. HUGHES. Special Dispateh to The Star. NEW YORK, June 20.—The feature of today's bond market was the heaviness in high-grade securities. This condition did not appear in the sales on the exchange so much as in the large blocks offered over the counters. Bonds of the grade of Chicago Union Station 4%s, about the quality of which there could be no possible question, were in supply. There was {no good reason in the money market | present or prospective to account for the offerings. The softness in specu- |lative bonds might be accounted for by sympathy with the recent course {in stocks, but there ought to be some other explanation for the pressing upon the market of high-grade secur- ities. Bonds which either sold lower or | would have sold lower if holders had insisted on disposing of any large blocks were of the grade of U. S Steel sinking fund 5s, Northern ieific prior llen 4s, New York Central refunding 6s and American Telephone and Telegraph collateral trust & | Colorado and Southern 4ls, one of |the better middle-grade bonds, also {lost ground. Another example was Chesapeake and Ohio convertible 5s. The more speculative railroad issues roughly kept pace with their respec- tive stocks, Heaviness was also apparent among the foreign bonds. The new Austrian s, for instance, sold off before noon % of a point from vesterday's last sale and 22 points below their recent high. Jugoslavy 8s and Czecho-slovak &s went down again, the latter losing a full point, French bonds were fra tionally lower, but held relativel f*well. Tt -had been expected that the success of the Austrian offering { would have stimulated the market for other foreign bonds Austrian Lonn Affected. On the contrary, the action of to- {day’s market would indicate that for 1 the mome at least the weakne of the older foreign issues was affect- & the new Austrian loan Among the South American bonds the Brazil 8s were fractionally lower, although I the position of Brazilian government | finances is believed to be improving. { 1 The convertible copper bonds sold around vesterday’'s lows Carro de| Pasco S8, which dropped some six points yesterday, are speculative fa- vorites because of the fact that a {change of a point in the stock is equivalent to three points fn the bond. United States government honds were steady without much change from yesterday's prices and with no very great activity, BULDING ACTTY SHEEPING SOUTH No one can take the sweeping glance of the industrial activities thronghout the south reported in this week's issue of the Manufacturers Record, and what is true of this| week's issue is practically true of | jevery issue, without realizing that the panorama which is being unfold- ed of southern activity has probably never before been surpassed, if it has ever been matched in this country It is reaching all parts of the south From Maryland to Texas the sweep of | construction activities is under w Pre-eminently s this true in textile | mill building. but textile mills are not by any means monopolizing the | situation. The Pacific mills of Bos- ton. Mass. are putting out $5.000.000 in the building of a great cotton mill and bleachery plant near Spartan- { burg. S. C. Cotton Mill Enterprise: Among other important cotton miil | enterprises reported during the week was a $300,000 mill company at High Point, N. (.; a bleachery and dy. works plant at Lanett. Ala : the sa for about §1.000,000 of cotton mills at Opelika. Ala. and a projected $500,000 mill at El Pa: Tex. In' Polk county. N. C.. $1.000.000 is | to be expended for the development of water power. An Alabama company is projecting an expenditure of about $7.000,000 or $8,000.000 for the development of one plant of 105,000 hydro-electric horse power and the enlargement of an_ other plant at a cost of about $1,000.000. Contracts are being Jot from time to time for the $10,000,000 hotel in Atlanta. Fifty school buildings are project- od in Virginia to be constructed dur- ing the present year at a cost of $1.500,000. Railway Spending $15.000,000. The Virginian railway was recent- Iy reported to spend about $15,000. 000 on the electrification of its line, though it already has the largest steam locomotives in the world haul- ing the heaviest freight trains ever moved in this or any other countr: Work on this electrification is a j tively under way. | Though Galveston. when it was re- built a few vears ago, constructed a seawall regarded as amply strong to meet any emergency, it is to spend nearly $700,000 for the extension of its seawall ‘and is carrying on con- siderable dredging operations for deepening its harbor. | 46% 25 93% 119% 64 17% 31 36 815 25% 17% 95 20% 18% 17 38 47 112% 11 24 17% 57 106% 83 b5% 2% 8 14 26% 49% 2 8l 23% 68 6% 627% 226 28% 9% U S Steel U S Steel pf. Utah Copper. 1+ Utah Securiti Vanadium Cop.. Van Raalte. . Va-Car Chem, Wabash pf (A). ‘Wabash pf (B) ‘Waldorf (new).. Wells-Fr Exp. ‘West Penn Co. 47 112% 11 23% 17% 57 106% 831y 55% 2% 8 14 25% 49 2 8% 23% 68 6% 6244 226 28% % We Western Md 2d.. West Pacific. West Pac pf. ern Union.. Air Brke. W West Wheeling&L E. Wheel & LE pf. White Eag Ojl.. White Motor.... White Oll.... Wickwire. Wilson Co. 23% 5% 613 225% 226 28% 28% 9% 9% High. Low. Last. Call Money . L] 5 5 HOURLY SALES OF STOCKS. 11am.....212100 12m...... 346200 1pm.....506400 2 p. . 770 600 e Reading declared regular dividend on common and first and second pre- forreds e Worthington... Wright Aer |CubaB¥%swi. iUSSteelsfbs s JUNE 20, 1923. | ON NEW YORK BONDS STOCK EXCHANGE Received by Private Wire Direct to The Star Office. (Sales are in $1,000.) ! UNITED STATES BONDS. (Fractions represent thirty - Example: 101-1 means 101 Sales. High. TLow. Lib 3%s . 132 101-3 101 Lib 1st-2d 4% 98-14 98-14 Lib 1st43s.. 98-15 98-10 Lib 2da 4% 98-14 98-8 Lib 34 4% 98-20 98-17 Lib 4th 43 98-17 98-12 99-29 99-27 FOREIGN. Sales. High. 9 102% .383 92 28 101% 15 96% 51 102% 11 90% 20 80 16 83 97% 100% 101% 100% 98% 101% Low. 101% 91 101% 95'% 101% 90 9% 8214 96'% 100% 101% 100% 98% 101 101% 1011 4T 90% Argentine 7s Austria 7s w | Belgium 7%s..... Belgium 6s. Belgium 8 Bolivia Bordeau Brazil 7s Brazil 8 Canada 5 192 Canada 5%s 1929. Canada 68 1931. Canata 5s 1952. .. Chile 35 1946 Chile s 1926 Chile 8s 1941 Chinese Gov Ry b8 Copenhagen 5% Czechoslovakia 8s. Denmark 8 Denmark 6s. Dutch E 15%s. Dutch East I 68 Dutch East I 68 '63 Framerican 73s. . French Govt 8s. ‘rench Govt 7%s. Halt! 63 ctts Holland-Amer Japanese Ist 4%s. Tapanese 24 414 Japanese 4s. . Jergen U M Gs 47, Lyons 6s. Margeilles 68 Mexlco 5s. Mexico Montevideo 78 Netherlands 6s. orway 8 Norway 6 Paris-Ly' Prague 7% Queensland 7s Queensland 6s.... 6 Rio de Jan 8s 1946. 9 Rio de Jan 8s 1947. 14 Rio Gr Do Sul 8s.. 2 Sao Paulo.City.8s.. 6 Sao Paulo.State.8s. 11 Seine. Dept of. 7s. . 3¢ Serbs Crotes Slo $s 51 oissons 68 weden 6s.... . Swiss Confed 8x Ud Kingm 5% 7d Kingm o -e. 26 102 12 10 35 15 1 Med 68 126 « 25 10 615 0% 817 105% 114% 14 1034 1034 111% MISCELLANEOUS. Am AgrChem 733 11 99t Am Cotton Oil5s.. 5 61 Am SmIt&R 1st Amer Smelting 6s. Am Sugar Ref 6 Am T & T cv 6 Am T & Teltros.. AmT& Teltr4 Anaconda cv db 7 Anaconda 1st fs Armour & Co 4% Atlantic Refin 53.. Barnsdall sf Ss... Bell Tel Pa 68 rots. Tseth Steel pm 5s.. Beth Steel s f 6s... Bklyn Edison 7s D Bklvn Fd gen 5s.. Bush T Bldg 55 '60. Central Leather 5s Cerro de Pasco 8s. Chlle Copper 6s. .. CinG & E5%4s'62. Commonwth P 6s. Con Coal Md 1st 58 Cuba Cane cv d 8s. Derv (DG) T Det Edison ref 6a., Diamond Mth 738 Du Pontde N Tiks Dugquesne L Duquesne I 9 7 E Cuba Sug 7%s. 9 | Empirs F&G 7%s. i Fisk Rubber Ss. Gen Refract Goodrich 61 Coodyear 8s 1931, Goodyear s 1941. Humble O&R 5%s. 30 Iiins Bell Tel 1st 5s.106 Int Paper Ist 5s A Int Mer Marin Julius Kayser Kelly-Spring 8s Lackawa S 5 50 Liggett & Myers 7s Liggett&Myers 5s, Lorillard (P) 5s. Lorillard (P) 7s. .. 515 117 Manat! Sug sf Ti%s 9 g e | Marland Ofl T14s. . 9 2 | Marland Ofl 8s w.. 1204 Mexican Petrol 8s. 108 Mich St Tel 1st 5s. 9974 Midvale Steel 5s. £6% Montana Power 53 o4y forris&Co 1st 4%y 7% t Tube 1st os. .. 98 w Eng Tel 5s... 96 N Y Edsn 1st 6%, 109% NYG EL H&P 4s.. 818 NY Tel 68 '41. 104% NY Tel 68°49. 106 NY Tel 4%s 93y N Am Edison 92 N States Pow 58 88% Northwst B Tel 7s. 107% Otis Steel §s... 99 Pacific Gas & El 5s 90%% Pac T & T 6352 91 Phila Coref 6s A, 100% Plerce-Arrow 8s.. 74% Public Service 8314 | Punta Alegre 109% Sacks & Co s £ 7s. 100% Sharon Stl H 8s. 98% Sinclair Ofl 7 97% Sinclair Ofl 6165 w 1. 10 94 Sin Crude Oi1 5% 9715 Sin Crude Oil 6s 9714 Sin Pipe Line 58, 7 South Bell Tel 5s. So Por Rico Sug 7s St Ofl of Calif 7s. Steel & Tube 7s. Tenn Elec Pow 6s, Tobacco Prod sf 7s Toledo Edn 1st 7s, Union Bag & P U'S Rub 1st rf 5 U S Rubber 7% a9 61 £9% 100% 102 9% | = 105% | a7y | 100% | 10314 | 1163 | o7 | 63 | 95 | 19 Vertlentes Sugar 7s 10 va-Car Chem 7s... 10 va-Car Chm 7%sv 14 Warner Sugar 7s.. 16 West Union 6% Wickwire Spen Wilson & Co 1st Wilson&C cv 7%, ‘Wilson & Co cv 6s. ‘Winchester A 7%s 11 June 19, 1923. (Quotations furnished by W. B. Hibbs & Co.) | Selling checks London, pound. Montreal, dollar. P franc Bruskels, franc Berlin, mark Rome, lira . Copenhagen, crown Christinnia; crown ... Stockholm, crown .... .268 2646 NEW YORK, June 20.—Foreign ex- changes steady. Quotations (in United | States dollars): Great Britain, mand. 4.62 1-16; cables, 4.6213; 60- day bills on_banks, 4.60 7-16. France, demand, .0624%; cables, 0625, Italy demand, 04673, cables. .0467%. Bel. | glum, demand, 03323 ; cables, .0533. | Germany, demand, .000008% ; cables, .000008%. Holland, demand, .3921: cables, -3924. Norway, demand, 1663, Sweden, demand, .2647. Denmark, de- mand. .1790%. Switzerland. demand, L1795 Spain. demand, .148’ Greece, demand, .0355. Poland, ~demand. 1000007%. * Cazechoslovakia, demand, 10300%. Argentine, demand, .3563. Brazll, demand, .10T: ! Penns | Ra i | Rennecott RAILROADS. ‘Bales. High. Ann Arbor 4s. . Atchison gen Atchison adj 4s. . Atlantic C L 1st 4s AtlanticCL cl 4s B&Oprin3ys B & O gold 4 B&O PLE&WV 4 B&OSW aiv 3y Bklyn R T 7s21. Canad North 6348 Canad Pac deb 4s. . Car Clinch & O 6s. Central Pacific 4s. Ches & Ohlo cv & Ches & O cv 434 Ches & O gn 4%s Chl & Alton 3s.... Chi & Alton 314 Chi B&Q gn 45 '58. Chi B&Q 18t rf 58, Chi & E 11l gn 5 Chi Great West 4 Chi M&S P re 4% Chi M&St P cv ba, Chi M&St P 4525, Chi M&S P cv 4148, Chi M&St P 4s 34 Chi & N'W 7a. Chi Rys 5s ChiR1& Pacrf 4s Chi Un Sta 43%s Chi & W Ind cn & Chi & W Ind 73%s.. {CCC&StLrf6s A Cleve Term 5%s. .. Colo & Sou 4%s. Cuba RR 73s. CubaRR b8 5 Del & Hd 1st rf 4s. Del & Hudson 513 D & Rio G imp 5s. . Den&Rio G con 4 D&RG1strf 58 Erie 1st con 4i Frie gen 4s. Trieconv4s A. Eriaconv 4s D. Gr Trunk sf db 6s. Gr North gen 7 Gr North gen 514a. Havana ERL&P 53 Hud & Man ref 6 Hud & Man aj 5 Il Central ref 4s 111 Central 5348 Int Rap Tran b Int & G Nor aj 6s Towa Central rf 4s Kansas City S 3s.., Kansas City S 5s Kan Clty Term 4s. Lake Shore 4s '28. Lake Shore 4s '31.. Lehigh Valley 6s.. Louis & N uni 4s. Louis & Nash 51s. Manhat Ry cn 4s Market St cn 58 Mil El Ry & L 58 M&StListrf4s., M StP & SSM 6155, MK &T1stds.. IMK&TprinssA |{MK&T4sB.. MK&T6sC. MK & T adf 5 | Mo Pacific 6: Mo Pacific gn 4 Nassau E Ry 4s '; NOTex & Min 53. \ Y Cent deb 6s. N Y Centdeb 4s. .. N Y Centribs. New Haven c d New Haven d 4s 57 New Haven 7s. { New Haven 7s fr N Y State Ry 414s. NY W & Bos 4%s. Norfolk & W cn 4s Norfolk & W cv Northern Pac 3s. Northern Pac 4, Northn Pacr i 6s Northrn Pe 5s ret. {Ore & Calif 1st 5s. {O Short Len bs '46. Ore-Wash 1st rf 4s Pennsyl gen Ss. ... 1 gen 4%s.. Pennsyl G14s. 4 | Pennsyl gold 7s. | Pennayl con 415 Pere Marq 1st 5s.. pid Tran 6s w 1. eading gen 4= Rio G West cl 4s. RIArk & L4143 St LIM&S R&G 4s L& L& L& StL& L& LS A S S S S nA& Seab'd A L 4s sta {Seab'd A Lref 4s Seab'd A Ladj bs {Seab'd A L con 6s.. Sou Pacific cv 4s. .. Sou Pacific ref 43 Sou Pacific clt 4s. . Southern Ry Ist s Southern Ry gn 4s Southern Ry 6143. Third Ave ref 4s Third Ave adj 5s. Tol StL & W 4s Tol StL & W 3 Union Pac Ist 4s. .. Union Pac st rt 4s Union Pac cv 4 Union Pac cv 6 VaRy &P 1st 68 Wabash 2d 5s Western Md 4s Western Pacific 58 Whel &LE rf 4143, TOTAL SAL 1lam. 1p.m.. 6272000 3 15 13 7 1 36 1 40 46 6 21 1n 12 13 31 19 86 0 1 4 = 4 61 86% 79% 86% 81% 95% 7% 100% 9% 82 73% 94 90 112% 8% 97 85 88% 87 83% 531 29% 86% 99% 9% 5015 59% 661 81 65% 73% 107% 79% 7% 891 1% 102% 10135 102% 33 28 ES (Par Value): 2942000 12 noon. 4 24’4 000 1048 948, 84 85 61% 79% 49% 2p.m.. — Low. Close. 61 £6% 9% 86 81% 95% 7% 100% 79 82 73 98% 90% 112% 8% 96% 84% 87% 87 £314 53 29% 86% 98% 9 50 59% 66% 30% 617 72% 61 £6% 9% 86 81% 95% 7% 100% 79 82 73 94 90% 1011 564 blig 683 95 91% 8214 954 104 f415 84 85 €03 79% 48% 8337000 SHORT-TERM SECURITIES. Aluminum C of Ame Alvminum o€ Ame American Cotton 011 6 1024, n Sugar 6s 1037. Aumeric r. r. 1933, n Tel. & Tel. 65 1924.. American Tel, & Tel. 68 1923, Anaconda Copper s '1929. Cent. Arg Central entine Iw atber 5 Libby, McNeil & M., St P. &S, Morris & Co. Penna. R. R. Union Depot i “opper Ts 1030, Sears, Roebuck & Co. 7s 1923. Stan rd Ol of Calif. Tidewater Oll 6%s 193 Unlou Tank Car 7s 1930, U. 8. Rubber 73s 1980. fern Union Gigs 19; W Westinghouse E. % 1931 & M. 78 1031 109 o7ty —_———— TREASURY CERTIFICATES, (Quotations furnislied by Redmond & Co.) Rate—Maturity. 3% September 13, 1023 (s September 13, 1023’ December 15, March_ 15, 1024 June 15, 1024 September 15, March 15, 1035 1348 Maren 15, 1026, % 3i4s September 15, 16 258 Nidren 15, 1037 ORDERS $83,000 PAID. The_Interstate Commerce Commis- |September sion has authorized the Secretary of ! the Treasury to pay $83,092 to theJuly Chicago, Terre Hauteand Southeastern | September. ... Railway Co., as final payment on that with the govern- ment under the six months’ guarantee provision of the transportation act. This makes a total of $132,092 received by the road, the commission having pre- the payment of carrier's account viously au $49,000, 1923, 26. de- | 414s December 15, 1937 o9/ Ioan % 1R 1001132 100 7-16 016 9% FINANC TAT. | Grain, Produce and| Liyc_a Stock WHOLESALE MARKET. Cantaloupes from the Imperial val- ley section of California never were “better than they are this season, dealers report, and prices are con- sidered reasonable. Receipts ¢f the California fruit are ample to supply all demands at prevailing prices. A few shipments of Georgia canta- | loupes were refused by dealers. it is reported, the quality of the fruit be- ing such buyers did not want it. The fruit that was received the past few days sold at very low price: Receipts of Florida watermelons have been larger than usual for =o early in the season. They are of exceptionally fine quality ‘and find ready sale at what dealers say are| reasonable prices. Eggs—Strictly h, selected, can- | average receipts, dled, per dozen, 23: southern, 22. | “"Live poultry—Roosters, per 1b., 13: | turkeys, per 1b., 25; spring chickens, per Ib., 45a35; keats, young, cach, 50; fowls, per 1b., 25. Dressed poultry — Fresh - killed spring chickens, per lb., 50a60; wi ter chickens, per Ib., 33a40: hens. per| Ib., 28; roosters, per Ib., 20.; turkeys, | |per 1b., 35a40; keats, young, each, 70a30. | Live stock—Calves, cholce, per 1b., ! s 110, medium, per 1 :; thin, perj {Ib. 6a7. Lambs, spring, per Ib. 14:{ live pigs, 3.00a5.00 each; live hogs, per 1b., 8. i Green fruits—Apples, per bbl., 4.00 a9.00. California oranges, per crate, 5.00a6.50; Florida. 5.50a7.00. Lemons, per box, 5.50a6.50. Grapefruit, 5.00. Strawberries, per qt., 5al5. berries, per qt., 6a20. Peaches, 4.00a4.50. Vegetables—Potatoes, per bbl, No. 00; per sack, 2.00a2 . _per bbl., No. 1, 4.00; 1.00a2.50; sweet potatoes, Carolina, 2.50a3.00; nearby, Lettuce,” ‘per crate, nearby, 1.50; Romaine lettuce, per crate, 75a 130, Cabbage, nearby, 1.00a2.00 per bbl. Eggplant, per crate, 200a3.50. Tomatoes, per box, Florida, 2.00a6.00 Beans, 1.50a3.00 per basket. Peas, 2.00a 300 per basket. Peppers, per ‘crate, Florida, 5 00. Kale, per barrel, 50a1.00. ‘Spinach, per barrel, 150a 3.00. per crate, Florida, 2.00a 6.00, 1.50a3.00. Fiorida beans, 4.00a7.00 per basket. gus, 1.00a4.00. GRAIN AND PROVISIO North toes, new. 5 pounds, 75a1.50; pounds. 250. Asparagus. dozen, 1.50a350; beans, bushel, 15022.50; lima bear bushel, 4.00a4.30; beets, 100, : cabbage. crate, 160, 4.0046.00; corn, crate. cucumbers, basket, 1.5 eggplan crate, 2.50a4.00 bushel; 40a50; lettuce. bushel, onions, 100 pounds onions, 100, 1.00a1.50: pea: bushel peppers, crate, 00a3. 2.00a3.00; rhubarb, 100, bushel, 50a1.00: | 0. tomatoes, | quart crate, 40a4.00; gooseberries. | pound, '6ai: grapefruit, box, 2.50a 4.00; huckleberries, quart, = 25a30; | oranges. box. 4.00a5.00; peaches crate, 1.30a2.50; pineapples, 13.00a4.50: raspberries, pint, strawberries. quart, 10al; melons, each, 20. Selling Prices at 12:15. i Wheat—N quotations; 1.17%:: No. quotation 1.141z; No. spot. 11415, Sales—Car lot of No. vellow | domestio, up town, at 1.00 per bushel Corn—Cob, ne 4.75 per barrel: spot, 93 per bushel: No. 2 No. 4. no quotation 0; old, 100 1.50a kale, 50a1.50; pring | 3.00a4.00; s squash, ba crate, 12a20 cherries, es, pound, 7ali 10a1 water- No. 2 red winter, spot red winter. spot, No. 2 red winter, garlick 3 red winter. garlick no quotations; June track 0. 2 or better, 1.00 per 53 per bushel; | bushel | spot, | per western export; . 2. no quotation ay—Receipts, 50 tons; for better! n of timothy ‘and light-| mixed hay there is a steady demand right along at a range of 19 to 20 per ton. The percentage of good hay on daily receipts is not large. Medium and low grades are in full supply at lar prices. TfirawNo. 1 tangled rve. 15.00a 16.00; No. 1 wheat. 12.50a13.00; No. 1 oat, nominal, 14.00a15.00. DAIRY PRODUCTS. BALTIMORE, June 20 Special).— ve poultry—Sprinz chickens, pound, smalil and leghorns, 30a40; old 22a25; leghorns, 18a20; old roas. <. 13a14; ducks, 15a20; spring ducks, 28a30; pigeons, pair, 30. Eggs—Loss off: native and nearby, firsts, dozen, 23; southern, 20a21. reamery, good to pound, prints. 41a43: creamary, 35a38: ladles, 34 130a32; store packed, 30; dair: 21a33. CHICAGO LIVE STOCK MARKET. CHICAGO, June 20 (United States { Department of Agriculture).—Hogs— Receipts. 22,000 head; slow; better kinds mostly 10 higher; big packers bidding steady: bulk good and choice 150 to 300 pound averages, 7.50a7.70; top, 7.75; bulk packing sows, 6.25a 6.60; pigs. 50 to 75 higher: good and choice 120 to 130 pound averages mostly _around 7.25; hea ight hogs, 7.10a7.55; medium, 7.26a7.75; light, 7.20a7.70; light light, 7.00a7.50; packing sows, smooth, 6.25a! pack- ing sows, rough, 6.00a6.50; killing pigs, 6.00a7.25. Cattle—Receipts, 11,000 head; beef steers, vearlings and better grades beef heifers moderately active; steady with Tuesday's advance: early top heavies, 11.30; some held higher; eral loads. 11.00a11.25; yearlings numerous; lower grades she stock weak; tending lower: other classes generally steady: bulk desir- able veal calves to packers, 9.50a 10.50 upward to 11.00 to outside desirable bologna bulls, 4.65a4.75 plain light kind below 4.25. Sheep—Receipts, 13,000 head; lambs about steady; early top natives, 16.40 bulk, 16.00a16.25; decent culls mostly. 11.00; no westerns here; nearly two- thirds receipts direct to packers; sheep scarce; strong to higher. Today's Chicago Prices. 1 CHICAGO, June 20.—With improved prospects of export business, wheat averaged higher in price today during the early transactions. European purchasing on a large scale yesterday and the day before made dealers hopeful that export demand for United States wheat would continue, especially as Canadian wheat is at a premium. Besides, extreme cold T3l 1 deseripti fancy. nearby rolls, prints, tended also to give an advantage to the bull side of the market here. Opening prices, which ranged from 1, decline to 4 advance, with July 07% to 1.07% and September 1.06% to 1.06%, were followed by a slight general sag and then by a rise to well above yesterday's finish. Covering by shorts gave a lift to the corn market. After opening un- changed to % higher, July §2% to 83, prices scored a material advance all around. Oats were firmer with corn, start ing at a shade decline to a like ad vance, July 40% to 40%, and later making a general upturn. Provisions reflected the firmness of hog values, WHEAT— High. 1078 1074 Juls 1.09% 838, Jam 1083 10613 Close, 1.08% 1087 1.08% 825 a1 667 40 37 Juy. RIBS— ! seven quarters 00: No. | 1.00a3.00. | 1.25a | 4.00a | 1.25a2.00; = 00; | .00; | | crate, | crate, | 1 red winter spot. noj no | ‘xmn weather in France and Great Britain | SECURITY SAVINGS DECLARES “EXTRA Fall Convention Committees’ Named—Local Stocks Quiet—0ther Notes. Directars of the Security Savings 14 Commercial Bank this morning declarsd an extra dividend of 1 per cent on the capital stock of the institution, in adi tion to the regular quarterly disburte- ment of 3 per cent, both payabie on 30 to stockholders of record June The Security Savings and Comm is now definitely on an annual basis 16 per cent, the current “melons” ing been declared regularly for the past It is the nd usof § ings bank in the local field talized at $200,000 with sur 000 and undivided profits $65.000. Tts affairs are ably tered by Julius I, Peyser Francis G. Addison, cashier. exces a adn preside vice presid Convention Committees Named. Preliminary plans for the rec of delegates attending the convention of the American Tr ment Bankers' Association to he here this fall assumed firct ness today with the announcen of the various committees ap { to carry out the work. The ments were made by Harry V. who has the affair in « Robert V. Fleming hea finance company and is assicted Henry K. D. Peachy, local represent tive of Brooke. Stokes an | Richard W. Hynson, N Company. will have the hotel tee in charge, and will be | Francis G. Addison, Jr | George 0. Wa to care for the the program, w aide tertainment e le W. J. Walls 150 found 'on thie body. Jost | Evans, jr. will head the re | groun will have as his aide ¢ coran Thom of the Ar ity and Trust Com Fugene E. Thompson is seloctad for the important post of chairn banquet committee, these duties with T hany. Frank P. M he publicity, aided Howe. For the transportation Victor B. Devber has be to head this body, having as sistant R. D. Donald M heads the mmittee. t duties being sha Ly Boyd Tayle For the golf tournament. whict be held for the delegate Stead, jr.. has been named « having A Gardiner as his ant. Charles P. Light of the N City Company will corral the sary automobiles for the conve aided in this work by Albert & Early Tax Reduction Unlikelr. President Hard surplus of $200.000 the fiscal vear. Jus on revenue frox: « tax r n made up {of war mat nish a basis ance brt expendit nd w omas W, assist it ig not cor rrant early reduc federal taxes the opinion of W. B. Hibbs & Cc Bankers Start Tonight. Approximately 200 local banke their wives. directors, friende ani families, will board the “bankers’ sp clal” at 8 oclock tonight for H Springs, the scene of their fifth annual convention is sclid-g uled to begin nz While the usua )ta of important financial top he discussed. an entertainn de luxe his been arrang Spaid, which i promises to nl 1v accupy every available mor his will take t form of te d golf tourname |afternoon teas. arties anc nally a “family dinner.” Reservations for the trip have & admirably handled Fernand P. chairman of the hotel and transpo: tion committee Insurance Firm 50 Years O1d. The American Fire Insurance C pany formerly known as the Germ American Fire ance Compans {fifty years old today. Charles Schafer is president. F. A. Blundon, vice presi- dent, and H. H. Bergn secretars Directors Bank have in {nual ai rd cent, putting th cent'annual b { _The bank is canitalized at $100.045, { with surplus and undivided profit 130,000, 1t har eniored a stead { i tock on an § pev ubstantial growth, ‘and shows {otal esources in exc of $1,100.000. Capital Traction at 99. Capital Traction stock mada slight recovery to 99 on the Wash ington Stock Ixxchange this morning on sales aggTegating twenty shares, but_Gas stock was again weak at unchanged prices. Trading was decidedly light 59801 at 93%. the 71, per cent issua at 103, and one share of Railway preferred concluded the trading at i3 I. C. C. SETS HEARING. Acting under provisions of the Post Office appropriation bill., t terstate Commerce Commission tn gave notice that a hearing would held here July 10 to fix a r rate which the government for the use of pneumatic tube. { transmis of mall within | borders of New York city. | The last Post Office appropriat provided $5 pay rentals for tube A proviso was Included, howe: that after July 1, 1923, the com sion should be called upon to d mine a reasonable rate of rental that in no case should the payi exceed $19,500 per mile of tul each year of service. DIVIDEND INCREASED. WARREN, Ohin, June tors of the Trumbull Steel vesterday declared the regular terly dividend of 35 cents a shi common stock, increas cents a share ov the last qu B The regular 13 per cent dividends on preferred stock alse was declared Directors of the Newton pany at Youngstown d ared the regular quarterly dividend of 60 cents a share on common and 1%, per cent on preferred stock - BOSTON STOCK MARK BOSTON, June 20.—Following i= a list of today’s highest, lowest and cIns. ing prices for the most active stocks dealt in here: Am Tel & Tel . Arcadian _Cons Arizona Com { Boston & Albany . Boston & Maine Boston-Elevated Calu & Ariz Calu & Hecla Carson Hill Min Copper Range . a 1ast v he Lla e the on the Low. Clase High Hood Rubber Island Creek .. Mol o New Cornelia . North Butte . 014 Dominion Osceola z Quincy Shoe Mach . Swift & Co Trinity WILL BUILD PIPE LINE. SAN FRANCISCO, June 20.—Cali- fornia Petroleum will build_a pipe line from Southern fields to Los An- es harBor and erect fifty 80,000~ steel storage tanks, | Tuolumne ... Yentura Oil Waldorf Warren B Winone Gas,