Evening Star Newspaper, June 21, 1923, Page 28

S PRICES OF STOCKS VERY IRREGULAR Many Shares Recover From . Wild Break — Further I Weak Spots Uncovered. L] FI By STUART P. WEST. Bpecial Dispatch to The Star. NEW YORK, June 2l.—According to the gossip of the street, the house which failed Wednesday was earry- ing a good many more stocks than it was credited with at first. It was said to have had particularly large holdings of the coppe nd the vio- lent break in these stocks in the last hour Wednesday commonly set down to selling for this account. Ap- parently liquidation directly con- nocted with the Zimmermann and Forshay episode had not been com- pleted at the close Wednesday. It broke out egain today after an hour or so of recovery. At the same time there was a lot of selling by specu- lators who had heen called upon to put up more money and were either forced or preferred reduce their holdings Prices Very price movement, extremely irregular. industrials opened up rather sharply, while the main body of the list was little changed. Then came a fairly general rally extending from a point to two and a half points in the speculative leaders. This represented the hasty covering in of short con- and when the covering pi were over the market began el the uncompleted “distress” selling As @ made it cialty typ rather rapid of the marke to Irregular. accordingly, Some of The was the fule this forced liquidation If felt in stocks of the spe- A number of these broke In the general body . however, there seemed o be a very sol.d substratum of buy- ing orders around the low levels of the previous d Whenever these levels were upproached, the steady effect of -this buyin fest. St equipments shares showed the best rallying pow- and coppers were slower to ar stocks recovery of the market which was quoted no cents a pound s were helped by the t three days rid of before. But the rally did not become really vigorous until well along in the aft- ernoon. A Washington dispatch, quoting the Secretary of the Treasury as assuring the country that the W street failures were not a sign of weakness in the general situation probably had some effect, coming, it did, from the financial head of the nation. Steel Leads Upswing. force of the early selling had expended by early afternoon, The last two hours saw prices pushed forward steadily throughout the list until the greatér part of yesterd: lost ground W retr: d Steel shares gave about the hest account of any, Steel common rallving more than two points fro its low, nd Bethlehem the same, The oil shares as a rule continued to drag rather behind the general list. Among the Is buying of South- ern Railway and the S was note- worthy Packard Motors which has held up remarkably all through the break again touched 14 where it was in one and a half points of its top. This stock has been bought in quite a large way by people who believe that the pol ¢ paying extra d dends will 1 con 1 as long hold up the way they ng The been are MAREKET CLOSES STRONG. Br the Acsociated Press. NEW YORK. June 21.— vidual shares were sensitive to re- current liquidation, the main body of stocks moved forward vigorously in s market in response to exten- short covering and so called rgain” buying by substantial in- The favorable techn sition created by the recent susta selling movement _facilitated the strong upward trend. Sales approxi- mated 1.300,000 shares. Speculation was feverish in the midafterncon. While the action of the market demonstrated that the recent general liquidation had ceased, enough weak spots cropped out to puzzle traders to the immediate course of prices. Chandler. Consoli- dated Gas, Southern Pacific, Gulf States Steel, Fimous Players, Ameri- can Woolen and Standard Cil of New Jersey were among the leading shares Which were quoted at new low prices for the year. The closing was strong. Encouraged by their success in turning the course of prices upward, bull operators be- came more aggressive in the final hour, many of the leaders touching their highest price of the day. Stude- baker. Baldwin and American Can were 2 to 4 points, hile indi- “ba terests, up TODAY'S COTTON PRICES. W YORK, June 21.—Cotton fu- opened steady; Jul 65; Oc- 24 December, 0: Janu- ary. 23.66: March, Futures (11:45 a.m, bids)—Steady; July, 26.59: October, 34 Decembe. 23 January ed; March, W ORLE. futures opened steady; July Octobe: 4: December, 23.3 uary, 2 March, Fufures ((lja.m. bids)—Quiet: October, 23.9 26.88 asked; January, . June 21.—Cotton ber, 23 NEW ORLE. + futures closed of 44 July, 2 ber, 2 March, NEW YORK,. June 21.—Cotton fu- #ures closed firm. Jul 20 to 27.25 October, 24.80 to 24.8 December, 24.26 to 24.30; January, 23.96 to 24.00; March, 23 to 23.98. Cotton spot &teady; middling, 28.50. July cotton today advanced points to 27.14 and strengthened t ‘Whole market. October advanced 66 oinis to 2488, The trade and spot ouses acquired July contracts, while Increasing boll-weevil reports affect- ©d the new crop months. LIVERPOOL COTTON. LIVERPOOL, June 21.—Cotton spot Increased demand: prices firm. Good middling, 16.59; fully midding, 16.49; midadlin .34 low middling, 16.09} good ordinary 59; ordinary, 15.29. Sales. 7.000 bales, including 4,600 American. Receipts, 1,000 bales, in- cluding 300 American. Futures closed firm. ~June, 15.28: July, 14.82; October, 13.40: December. 13.03; Jan- uary, 12.54; March, 12 CALL MONEY FIRM. NEW YORK, June 21.—Call money firm. High, 5; low, 5; ruling rate, closing bid, b; offered at 5; last loa 5; call loans against acceptances, 4% : time loans steady; mixed collateral sixty to ninety days, 4%a5; four to six months, 5; prime commercial pa- per, 5. NS, June 21.—Cotton steady at net advances to 80 points. Close (range): 28; October, 24.22a25; Decem bi P TREASURY CERTIFICATES, (Quotations furnished by Redmond & Co.) Rate—Maturity. 3%s September 13, 1923 41s September 15, 192 4s. December 15. 1 4348 March 15, 1024 5%s June 13. 1924 Bigs Septembor 13, 1 43s March 15, 1935 alts June 15, 192 48 December 15, 1925 48s Mared 15, 1620, s Beptember 15. 488 March 15, 1937 o December 15, 1927, 10" 160 102100 7-18 9% 91516 ANCITAL. THE EVENT Adams Express. Adv Rumley.... Alr Reduction. Ajax Rubber.... Alaska Juneau. . Allled Chem. ... Allled Chem pf.. Allis Chalmers. . Am Agr Chem Am Ag Chm pt.. Am Beet Sugar.. Am Bosch. Am Can Am Can pf Am Car & Fdy Am Chain A. Am Chicle Co. Am Cotton Ol Am Cot Ofl pt. Am Druggist. Am Express. ... Am H & Leath.. Am H & Lea pf.. AmTce. . . Am Ice pf Am Internaf Am La France. . Am Linseed..... Am Linseed pt. . Am Locomo. . ... Am Loco (new). Am Metals. ..... Am Radiator. Am Safe Razor.. Am Ship&Com. . Am Smelting. .. Am Steel Fdy... Am Sugar. Am Sumatra. AmT & Cable. .. Am Tel & Telg.. Am Tobacco. . .. Am Tobac (B).. Am Tob pf (n).. Am Water Wka. Am WWk6% pf. Am Woolen..... Am Woolen pf. . Am Woo) pf f pd. Am Writ Prpf.. Am Zinc&Lead.. Am Zinc&Ld pt. Anaconda. . Ann Arbor pf... Arnold Co.. Art Met Constn. Asso D Goods. .. Assoclated Ol Atchison.. . Atchison pf. . Atlan Bir&Atl. . Atlar, Cst Line. . At! Fruit ctfs. .. Atlantic Fruit.. Atlantic Gulf. At Gulf pf Atlantic Ret Austin Nichols. . Austin Nich pf. . Auto Knitter... Auto Sales. . Faldwin Loco Balto & Ohlo. ... Balto&Ohio of. . Rarnesdall (A). Barnesdall (B). Bayuk Bros. Beechnut Pack. Beth Steel...... Beth Stl 7%(n).. Beth St1 8% pf Booth Fish Brit Emp Stl. . Bklyn Edison. .. Biklyn Rap Trn. BKlyn R T ctfs.. BRT warrants. { Bklyn Un Gas... | Br Emsti2d pt.. Brown Shoe. . Brown Shoe pt. . Brunswk Term. Burns Bros (A). Burns Bros (B). Butte Copper. Butte & Super.. Butterick. Caddo Ofl. Calif Pack Calif Petrol Calif Petrol pf. Callahan Zinc Canad'n Pac. Case (JT) pf. Central Leath Cent Leath pf Century RibMills Cer -0 de Pasco.. Chandler Mot. .. Chesap & Ohlo. . Ches & O pf wi. . Chi & Alton..... Chi & Alton pf.. Chi & East 111 Chi & E Il pt. Chi Grt West. Chi Great W pf.. Chi Mil & St P. Chi MI1&StP pt. Chi & Northwa. Chi Pneu Tool ChiRI& Pac. Chi RT &P6%pt. . Chi RI&P 7% pf. Chile Copper. ... Chino Copper. ... Cluett Peabody. Coca-Cola. . Cocoa-Cola pf Colo Fuel. Colo & South. Columbia Gas. Columbia Gas wi Columb’a Grap.. Col Graph pf.... Comp Tabulat. Cons Cigar. Con Gas ne! Cons Textlle. Cont Can Continental Mo. Corn Products. . i Corn Prod pf. Cosden & Co Crucible Steel... Cuban-Am Sug.. Cub Cane Sug... Cuba Cane S pf.. Cuban Dom’can. Cuban Dom pf Cuyamel Fruit. . Davidson Chem. De Beers. . Del & Hudson. .. D Lack & Wstn. Dome Mine Douglas Corpn. . DuSS & Alt pf.. Dupont (EI). Dupont deb. Eastman Kod. Elec Stor Bat. Endicott-John. Erfe..... Erie 1st pt Erie 2d pf. Exchange Buff. . Fairbanks Co. Famous Play. Famous Play pf Fed Mines & S. . Fd Mines&sS of.. Fif Av Bus wi... Fisher B of O pt. Fisk Rubber.... Fleishman...... Foundation Co. . Freeport Texas.. Gen Am Tk Car. Gen Asphalt. ... Gen Asphalt ptf.. Gen Cigar. Gen Blectric, Gen Motors. ... Gen Mot 6% deb. Gimbel Bros. ... Gimbel Bros pf.. Glidden Golawin Goldwyn (new). Goodrich... Goodrich pf. Goodyear pf. Goody pr pf wi.. Granby Consol. . Gray & Davis... G: Northern pt.. Great Nor Ore Gt Weat Su pt Greene- Guantana Su..., Gult St Steel.... Harbishaw Cab, Hartman Corp.. Hayes Wheel. Hendee Mfg: . Househ'd Prod.. Houston Oil.... Hudson Motor: Hupp Motors. Hydraulic Stl... Illinols Central. :107% Ind O1l & Gas. 11% 1974 34ty 74% 5% 27% 83% 24% 18 65% 76 94% 2T% 30 95% 81t K 2% 69% 20 58% 7 43% 8 128 117% 41% 65 26 108 48% 6 40 55% 30% 24% 110% 112% 35% 14 4% 116% 83 102% 56 65% 1% 184% 14% 22 11% 71 903 Tia 3% 8% 96% 8% 41 67 1 45% 25% 61 82 173% 14 81% 40% 98% 7 4% 16 26% 833 46 95 18 9 70 27% 103% 15% 7 3 % 83 314 134% 31% 52% 22% 18% z 108 107% 6% 6% 6. 32% 18% 82 b52% 22% 18% 2 Indiahoma. . Inland Steel w i. Inland Stl pf w 1. Inspiration. . Interb Rap Tr... In Ag Chemical. 'In Ag Chem pt Int Cement. In Combust E. Int Harvester... Int Mer Marine. . Int M Marine pf. Int Nickel. Int Nickel pf intl Paper.... Intl Paper (sta). Int Tel & Teleg. Invincible Oil. Inv Ol (ctfs) Iron Products... Iron Prod ctfs. Island OIll. . Jewel Tea Jewel Tea pf Jones Te: Jones & L'gh pt. Kansas City S... Kansas C So pf.. Kayser (Jullus) Kelly-Spr Tire. . Kennecott. Keystone T Kresge (SS).. Lee T & Rubber. Lehigh Valley. Lima Locomo. Loews Inc. Loft Inc. . Loose-Wiles Lorillard (P). Louls & Nash. .. Mack Trucks Mack Trucks Mack Truck 2d.. Macy Co..... Magma Copper... Mallison & Co. Manati Sugar. Manhat El Sup Man El inv guar. Man Elev scrip. . Manhat Shirt. Market St Ry. Market St prior. Market Stpf. ... Market St R 2d.. Marlazd Oll. Martin-Parry... Mathison Alkill. Maxwell (A) Maxwell (B) May Dp Stores May Dpt Strpf. . McIntyre Por | Met Edison pt. ., Mex Seaboard Mex Seabd ctfs. . Miami Copper. Middle St Ol Midvale Steel. Minn &St L (n). MoK & T (new). MK&T pf clA (n) Mo Pacific. Mo Pacific pf Montana Pow. .. Mont Power pf. . Montg'y W'rd. Moon Motors Mother Lod, Morris & Essex Mullins Body. Nash Morors. ash Motors pf. at] Acme. at Riscuit. . Natl Cloak & S. Nat Cloak&Spf. . at] Dept Stores. Natl Dept Sto pf. Nat] Enamel.... Nat] Lead. . . Natl Ry of M 2d. Nevada Copper. N Or Tex&Mex N Y Afr Braki NY Afr Brk(A).. Y Ch&StL ctfs. Y Dock. ... N Y Dock pf.. NYNH&Harttd.. NY O&Western. Y Shipblds. orf & West Nor & West p! North Amer. orth Am pf. North Pacific Ohjo Bdy & Blw. Ohto Fuel Sup Oklahom Prod Orpheum Cir. Otis Elevator. Otis Steel. . Owens Bottle. | Pacific Develop. PacificG & El... | PactficONl. ... Packard Motor. Packard Mot pf. Pan-Am Pete. Pan-Am P (B) Panhandle...... Parrish & Bing. Penn Seabd Stl Pennsylvani. People's Gas. Pere Marquette. Pere Mrq pr pf Philadelphia Co. Philip Morris. Phillips Pete { Phoenix Hos pf. Plerce-ATrow... Plerce-Ar pf. Pierce O11 PittsCoal... .. Pitts Steel pf Pitts & W Va. Pitts&W Va pt.. Postum Cereal. Postum Cer pf. Pressed Stl Car. Produc & Ref. Pub Serv (new). Pub Serv pf (n).. Pullman Co. Punta Alegre Pure Oll... Railway Stl Sp.. Rand Mines. ... Rap Tr Sec W.l.. RapTr Sec pf wi Ray Con Cop. Reading. . . Reading 1st pf. Reading 2d pf. Remington Replogle Steel. Rep Ir & Stee Rep Ir & Stl pf.. Reynolds Spr Rey Tobac (B) Royal Dutch. St Joseph Lead St L&San Sran. St L&San Sr pf.. St L Southwn.... St L South pf. Seaboard AirL.. Seab'd AL pf Sears Roebuck. Sears Roebk pf.. Seneca Copper. Shell Tr&Tran Shell Union Shell Union pf. Simmont Stmms Petrol 'Sinclair Ol1 Sinclair pf.... Skelly Ofl: Skelly Ofl Sloss-Sheftiel Southern Rwy. Southern Ry pf. Spicer Mfg Co. Stand Milling. St il of Callf Stand Ofl of N, St Oil of NJ pt. Steel&Tube pf. Sterling Prod. ... Stew't-Warner. .. Stromb'g Carb. .. Studebaker...... Submar'e Boat. .. SuperionOil..... Superior Steel. . Sweets Coof A.. Tenn Copper.... Open. 100 114% 17% 934 14% 13% 23 2 22 5% 1% 324 13 36 634 107% 20% 264 . 76 16 91 99 10% 398, 22y 90% ] 35 92 59% 1121 2% 1% 89 341 47 30% 100% 70 17% 47 16% 16% 10 . 105% 77 19% 434 0% 181 93 65 59 215 10% 3% 43% 920 42 2% 42% 13% 43% 93% 7 19 3 62 96 38% 88 49% 111 57 36 14 101 115% 52 17% 105 31 12% 39% 10% 3% 49% 49% 35 12% 45 86 19 63% 45% 18% < 20% 4% 31 73% 108% 6% 34% 15% 91 27 8t% 23w 93% 17% 93% 46% 40% 87% 34% 66 14% 71 49% 82% 115% 103% 55% 7% 62 104 8% 3% 26% 1% High. 4% 36 100 30 18% 3% 12 34w 20 79 6% 264 8% NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office 114% 2% 11% 90% 36% 467 30% 100% 70 15% | 47 163 | 16% 10 i 105% 56 2% 8% 6 11 72% 1081 6% 34% 16% 91 26% 8% 23% 93% 17% 934 46 40% 86% 34w 66 14% 71 49% 31% 116% 100% 56 7% 62 104 8% 3% 264 1% 77 20 43% 70% 5% 32 TRADERS IN BONDS WATCHING STOCKS Special Disg NEW YORK, spect During different Practically to actual values. As ties far as were lative stocks. Foreign bonds of tre offering Lyons and both lower. insues los Slav §s_and Prague 7s. same f elgn ox be surpr decline should abroail. be renewed The movement of road situation. for instance, year. from the coal Great Western point. from yesterday’'s are a vast will be earned. contrary higher. Little € to libertys. The were slightly Among South feature was a 88 to a new har, low r nouncement city of a pared to n { the loan Bolivia d and scek agreement upon loan was made. of ivian tiate contract. B me By the Associated Press, NEW YORK, June bond holders’ |board of aire from price the City This may market. Prices for all issues are now relatively higher in London than in New York. Rails Very Irregular, rails was very irregular. part it was toward lower levels, and thut without any change in the rail- The Erie general 4s, added to thelr loss of yesterday, and, at today's price, nearer the low than the high of the At the same time the present outlook is that the Erfe will cover fixed charges without the aid of the income last actual By GEORGE T. HUGHE! teh to The Star. June Foreign Bonds Lower. were almost formly lower with the new Austrian loan declining to within half a point before Department of the Seine 7s and Paris, Mediterranean 68 _were The Dutch East Indies fractionally prices were recorded for the Jugo- of Greater have been due to general market conditions or it may have been the and buying Foreign Issues Lower—Rails Irregular—Governrpent Obligations Quiet. quota- Spec- uni- noon. lower result of the ctors that affected the for- It would not ng In the event of further in foreign securifies if there from international the speculative properties. was another The general 4s dropped a point sale, standing the fact that earnings to date improvement vear's, and indicate that full charges Missouri Pacific 6s, the general For the most were Chicago not upon trend, nge in Libertys. There was very little change in the old 4%s at lower and the Tre: ury 4is slightly higher. American one. case in with- last sold time issues the break in Bolivia rd. The decline in commission for a change 1t appears that res to borrow more money modification which of the original was probably connected with the an- the arrival this pre- in the DENVER, RIO GRANDE PLAN AGREED UPON | — { Reorganization of Railroad Awaits Approval of I. C. C. Details. 21.—The three committees and ors of the Mis; Pacific and Western Pacific railroad |systems have approved the detailed plan of reorganization for the Den- the ouri, 13 | Ver and Rio Grande Western Railroad 17% | 120 ¢ 8% 41% W 77 32% 137 934 674 6214 2 10 3% 43 920 42% 72% 44% 14 43% 931y % 19% 3 62 96 41% 88 49% 111 58 37 45% 102 116 54% 18 107 31 12% 39% 11% 2% 49% 50 35 14% 4T% 86 17% 63 46% 18% 21% 43 30% T B6TH% 21 92% 6% 11% 3% 108% 6% 4% 15% 91 2% 24% 8% TexasCompany.,- 42 % 2% ‘fl‘-‘ll Kuhn, "Loeb & Co.. table Trust Company {lon” managers, merce ‘Commission i new general 1, 1924, new and sequent coupons, or pons. made It was stated it was subject to the approval of the Interstate Com- and in for stem, it was announced last night. the Equi- as reorganiza- the plan pub- per. 1955, and The plan calls for the exchange of the 31,114,000 outstanding refunding bonds of the Denver and Rlo Grande jand the $10,000 adjustment bonds for morigage 5 | bonds bearing interest from February i maturing 6 per cent cumulative preferred stock at the rate of $725 of general mortgage bonds and $400 of preferred stock for each $1.000 principal amount of refunding bonds with the coupon maturing February 1, 19 cent and sub- ch $1,000 adjustment bond with the coupons of October 1, 1921, and subsequent cou- Tex Gulf Sulph Texas & Pacific. Tex & P C & Oil. 10% Third Avenue... 12 Tide Water Oil.. 105t Timken Bearing 36% Tobacco ’rod... 49% Tobacco Prod A. 179 Trans ContOil.. 5% Underwcod. 170 Underwood rts.. % Union Bug & P.. 66 Union Pacific 131 Union Pac pf. 2% Un Tank Car. . 86 Un Alloy Steel.. 324 United Drug.... 80% UnDruglst.... 464 United Fruit.... 167 United Ry Inv. 11 Utd Ry Invpt... 38% Utd Retail Str: 3% USCastIrP. 23% USCastirPpf. 64 US Food Prod.. 2% USHoffman M.. 16 U Slndus Alco.. 48 U S Realty 9y USRealty pf... 101% U 8 Rubb: 445 U S Rub 1st p 9T% USSmelt&Ref.. 23 U S Steel 91% U S Steel pf. 118% U S Tobacco. 50% Utah Copper 63 Utah Securit| 17 Vanadium Cop. 29% Van Raalte..... 34 8% 5% 21 16% 8% 28% 16 13% 465 10% 25% 16% 56% ‘Waldorf (new).. Web & Hellbrn West Penn Co. Western Md. West Pacific. West Pac pf. Wh White Eag Oil.. White Motor. White Oll. Wickwire. Wilson Co. Wilson & Co pt Willys-Overld. . Will's-Overl pf.. Wisconsin Cent. Woalworth. Worthington, Wright Aero. 49 % 26 68 6% 62% 28 227 8 Call Money. . 26% - 9% 5% 21% 10% 12 105% 37% 51 80% 5% 170 1 66 132% 2% 86% 824 80% 46% 167 113 33% 3% 23% 64 2% 16% 50% 94% 101% 45% 9% 23% 92% 118% 50% 63 17 30 34 8% 26% 17 84 29% 16 13% 46% 10% 28% 16% 55% 107 54% % 13% 26% 49 2 8 26 68 5% 62% 28 228% 28 9% Hig) 5 56% 203 10% 12 104 86l 49% 7 5 170 % 66 131 2% 86 82 79% 46% 167 11 83 34 23% 64 2% 16 47% 944 101% 44% 97 23 81% 8% 504 61 17 28% 84 844 24% 16% 83, 28 15% 18% 45 10% 23% 16% 55 106 63% % 13% 25% 48 1% T% 26 68 5 61% 28 227 28 9% Low. 5 57% 213 10% 12 104 87% 51 80% 5% 170 % 66 132% 2% 863 32 9% 46% 167 11 33% 3% 23% 64 2% 16% 50 94% 101% 45% 9% 23 923 118% 50% 61 17 34 8% 26% 17 8% 29 16 18% 45 10% 21% 164 55 1062 54% % 13% 26% 48 2 ] 25 68 5 62% 28 228% 28 9% Last. 5 HOURLY SALES OF STOCKS. 1lam.....407700 12m.. 1 D0 cnme s 858 300- - 2 Py 0se 14 157100 629 500 NG_STAR, WASHINGTON, .D. C, THURSDAY. JUNE 21, 1923. "ON NEW YORK BONDS STOCK EXCHANGE ll Received by Private Wire Direct to The Star Office. (Sales are in $1,000.) UNITED STATES B/ (Fractions represent Example: les. High. Lib 3%s Lib 1st 4% Lib 24 4% Lib 3d 43 Lib 4th 48 US4Ks 195 .+ 191 100-31 1 36 98-14 798 98-12 223 98-19 353 98-156 470 99-31 FOREIGN. + Sales. High. Argentine 7 Austria 7s Belgium 7%s. Belgium 6; Belgium 8 21.—Today's | Bolivia bond market was in no essential re- yesterday's. the first hour of trading |cg. nad there was some evidence of support e in the more active issues, but this strength quickly spent itself, and the market turned heavy again without, however, any very great activity. no attention was paid Evidences of in- vestment buying were hard to find. the high-grade securi- concerned, tions were little changed, but there were no bids for large blocks. ulative bonds acted much as specu- Bordeau: Brazil 7s Brazil Canada 5%s 19 Canada bs 1953.... Chile %5 194 Chile _s 1926. . Chile 85 1941 Chinese Gov Copenhagen 5% Cubabl%swi. Czechoslovakia Denmark 6s Dutch E 1 5% Dutch East I 6 Dutch East I 6 rench Govt 73s. Haltl 65 ctfs. Japanese 4s Jergen UM 6s'47. Lyons 6s. Margellles 68 Mexico 5s. Mexico 4 Montevideo Netherlands 6 Norway 6 £ Orient Dev deb 6s. Paris-Ly's-Med 63 Prague 7%s. . j Queensland Rio de Jan 8 Rio de Jan 85 1947. Sao Paulo.City,8i Sao Paulo.State, Seine. Dept of, 7 Serbs Crotes Slo 83 Solssons Sweden 61 Swiss Con Ud Kingm 6% '29. Ud Kingm £%3'37 Uruguay 8s....... Zurich 8s.. - Ajax Rubber 8s. .. Am Agr Chem Tl%s Am Chainsf 63°33 Am Cotton Oil Am SmIt&R 1st 8. Amer Smelting 6s. Am Sugar Ref 6 AmT& Tecv 6 Am T & Tcltr 5 AmT&Tcltr 4 Anaconda cv db Anaconda 1st 6s. Armour & Co 4%s. Barnsdall s f 8s. Bell Tel Pa 58 rcta. Beth Steel § 3. Beth Steel pm Beth Steel s f 63 Brier H St 1st 5 %s | Bklyn Edison 7s D Bush T Bldg 5s'60. Central Leather 58 Cerro de Pasco 8s. Chile Copper 6. Commonwth P . Con Coal Md 1st §s Consum Pow 5852 Dery (D G) 7 Diamond Mth 7%s Du Pontde N 7%s. Duquesne Light 63 E Cuba Sug T%s.. Empire F&G T%e. Fisk Rubber Ss. Goodrich 6% Goodyear 8s 1931, Goodyear 8s 1941, i Humble O&R 5% { nins Bent i indiana Steel 5s. Int Mer Marine 6s. Irt Paper 1st 55 B. Jultus Kayser 7s. . K CP &Lt 5s A 52 < pring 83 wa S 55 '50. Liggett & Myers 7: Liggett&Myers 53 Lorillard (P) 5s Magma Cop cv 7s. Manati Sug 8¢ 7%s Marland 011 73s. . Mexican Petrol 8s Midvale Steel 55 Montana Power §s New Eng Tel 5s. .. Y Edsn 1st 63%s. YG EL H&P NYG EL H&P 4s.. {NY Tel 68 Y Tel 63 '49 NY Tel 4%s. N Am Edison Northwst B Tel 7s. Otis Steel 7348 Otis Steel 8 Pacific Gas & El 63 PacT & T 58'52... PhilaCoref 6sA.. Plerce-Arrow 8: Producers & Rf 8 Punta Alegre 7s. Sacks & Cos f Sharon Stl H 8 Sinclair Ofl 7s. ... Sinclair Ofl 6155 Wi. Sin Crude Oil 5. §in Crude Oil 6s... Sin Fipe Line 5s. St Oil of Calif Steel & Tube 7s. Tenn Elec Pow 68, Tide Wat Oil 63s. Tobacco Prod sf 7s Toledo Edn 1st 7s. Union Bag & P 63, Unit Drug cv 8s. U 'S Rub 1st rt 5 U S Rubber 7% US Steel s £ 5s. Utah Pow & Lt 5s. Vertientes Sugar 78 Va-Car Chem 7s. Va-Car Chm 7%s'v ‘Warner Sugar 7 West Ualon 6% Wickwire Spen Wilson & Co 1st 68 Wilson&C cv T 4s. Wilson & Co cv BOSTON, dealt in here: Arcadian Cons . Arizgna com . TostBn & Albany... Roston & Main Roston Elevated Carson it S Commar apper_ Range DavisDaty Bast Butte Eastern & 8 Hardy Coal Mass. e Mayflower 0 “C. Mexican Investment . Mohawk New_Cornel 01d Dominion Osceol Quincy . St. Maryla Shoe Mach . Swift & Co Trinity . Tuolumne Ventura Ofl Waldorf .. Warren Bros . Winone . Wolverine 3 National Leather "13 MISCELLA! Tel 1st 5s.122 16 11 27 46 28 11 44 8 20 17 5 4 13 22 3 32 8 5 1 2 27 13 4 31 33 26 FmmaaRenio R e P T =P e~ PP TS oy} s 4 26 2 . 11 101% 282 91 9 101 96% 90% 5% 93 93 92% 81% 83 9% 9% 534% 347 88% 100% 110% 87% 92 5% 8 107 94% 93% 97% 99 864 70% 81% 105% 115 114 103% 103 111% NEOUS. 9414 99% 914 63 89% 100% 102% 114% 967 91% 100 6% 821 96 9610 90% 95% 88% 981 93% 108% 89% 984 121% 99% 8614 86% 881 7 106% 107% 103% 99% 91% 105% 10034 1034 116% 97ia 954 59% 82 84% 103t 90 107 894 117% 96 95 112% 98% 98%, 108 861 954% 6% 109% 96% 82 104% 106 934 92% 90 107% 93 99 90% 89%; 100 73 108 110 100% 99 96% 94 98 975 85% 104% 101 941 102% 105 106% 97 112% 87 106% 1024 88% 97 80 65 102% 109% 93 97 95 87 Winchester A74s 8 105 B ———— BOSTON STOCK MARKET. June 21.—Following. list of today’s highest, lowest and clos- ing prices for the most active stocks O D Ssconds. | Atohison gen 4s. % 101 1-33.) 1011 means 1011 100-21 98-10 98-8 98-16 98-10 99-28 101% 90% 101 95% 101% 87 79 82% 964 100% 101% 98% 101 101% 101% 46 90% 99% 93% 96% 91% 95 95 90 98% 95 92% 93 924 80% 83 79 9 53 34 ° 88% 100% 110% 97% 92 4% 76% 106% 94 93 97% 98% $6% 70 81% 105% 115 118% 103% 103% 111% 9415 99 944 624 891 100 101% 114 964 91t 994 96% 83 95% 95% 904 95% 8815 98 934 108% 83% 8% 120 99% 857 86% 87% 76% 106 107% 102% 984 9074 105% 100% 102% 1164 967 954 99 Bl% 848, 1034 90 107 891 UT% 94% 9474 112% 98% 98 108 864 9414 96% 109% 96% 82 104 105% 934 92 89% 1071 93 98% 89% 8914 100 1% 106 108 100% 99 96Y% 94 97% 87 84l 1044 101 94% 102% 105 106% 97 111% 8634 106% 101% 884 97 79% B84% 102 109% 93 - 97 933 87 105 Low. 1 ———— GREEK BOURSE CLOSED. LONDON, June 21.—A central News dispatch from Athens says the Greek cabinet has bourse for one month. Close. 8 100-31 [ B & O gold 98-10 98-11 98-19 98-14 99-30 Close. 101% 91 101 96Y% 102 87 9% 82% 98% 100% 101% 98% 101% 101% 102 46% 90% 9% 94 97 92% 96 96 © 90% 98% 95% 92% 93 2% 8la 79% 79% b3 844 88% 100% 110% 97% 924 6% 7% 107 94% 93 97% 98% 6% 70% 81% 105% 115 113% 108% 103% 111% 944 99 944 63 8915 100% 102% 114 96% 91% 100 96% £3 95% 964 904 5% 8819 S8 93% 108% €91 9874 120% | & | 861 88% 77 106 107% 102% 99% 90% | 105% ! 100% | 102% | 116% | 974 | 95% 99 | s2 | 84% | 10314 | 90 | 107 89% 17% 943 95 112% 98% 984 | 108 86 94y 964 109% 9614 | 82 { 104% 105% 93% | 92 89% 107% 93 98% 90 8915 100 73 106 109% 100% 99 9l ! 94 | 98 ! 9744 | 85! 104% 101 9444 1021 105 1064 €7 111% 87 106% 101% B8Y | 97 9% 65 102 1995 | 93 97 93% 87 105 is a decided to close the {Southern Ry 614s. RAILROADS. ‘Bales. High. Low. Closs. 24 86% 861 86k 3 87 87 87 15 95 95 95 21 7% 1% T7%° 16 100% 100% 100% 779 8% .79 82% 82 82 3% 72% 3% 93% 92% 92% 64 64 64 891 89% 89% 89% 89% 89% 2113 113 13 8 112% 112% 112% 17 718% TT% 78% 5 924 92 92% 22 96% 964 96% Central Pacific4s. 14 84% 83% 84% Ches & Ohlocv5s. 21 88% 87% 88% Ches & O cv 4%, 7 86% 864 86% Chi & Alton 3 1 52% b52% 62% Chi & Alton 3 20 80 29 29% Chi B&Q gn 4s 10 86% 864 86% Chi B&Q 1st rf 5 6 981 98 98% Chi&ETllgnbs.. 18 79% 79 79% Chi Great West 4s. 24 50 48% 49% Chi M&S P re 4% 59% b8% BEY% Chi M&St P cv 68 66% 65% 654 Chi M&St P 48’25 81 30% 81 Chi M&S P cv 4134, 64% 64k 6% Chi M&St P 4s°34. 3% T2% 3% CM&StPgni%s 81 81 81 Chi Rys b8 = 9% T9% T9% Chi R1& Pacrt s % T TR ChiUn Sta 43s 8814 884 88Y Chi & W Ind cn & 9% . N n Chi & W Ind 7% 102% 102% 102% CCC&StLrfés A 100% 100% 100% Cleve Term 5% 102% 102% 102% Colo & Sou 4%s. Cuba R R 1% 821 B82% 82% s 103% 103! 03 CubaRR5s....... g 86 856% 86 Del & Hudson 6%s 98 98 98 Den&Rio G con 4 3% 73 13 D & Rio G imp 58 86% 86 86 D&RG 1st rt 5 61% 504 51% Erie con ext T: 103% 103% 103% Frie gen 4 46% 45% 46% Erfe conv B 48% 48 48% Erfe conv 4s D. 36 51% b51% b51% Gr Trunk sf db 6s. 104% 103% 104% Grand Trunk 7s. 113% 113% 113% Gr North gen 78 108% 108 108 Gr North gen 53m. AtlanticCL 43s. B&Oprinay B&O B&Oecv B&Orefbs.. B&O PLE&WYV 31 B&OSWdiv3ys. 17 B & O Toledo 4s. 2 Bklyn RT 7s°21... 10 BklIRT 78'21 ct 1 Canadlan Nortn 78 Canad North 6% Canad Pac deb Car Clinch & O b8 Car Clinch & O 6s 2| 99% 99 99 Green B & W db B. 8% 8L 8 Havana ERL&P 58 B4% B4u R4y Hud & Man ref b 80% 79% 80% Hud & Man a 5 57 55% 56% 111 Cent ref 5565 99% 994 99y 111 Central ref 4s 854 854 854 111 Central 5%s. 101% 101% 101% Int Rap Tran bs. 63 63 63 Int Rap Tr 5s stpd. 63 62% 63 Int R Transit 7s. 88 88 88 Int & G Nor af 6 41% 40% 404 Int & Gt N 1st 6s. 90 894 B9y Towa Central rf 4s 334 334 334 Kansas City S 5s. . B34 3K PR3Y% Kan City Term 4s. 7% T9% 7% Lake Shore 4s '28. 93% 93% 935 Louls & N unf 4s. 89 89 89 Louis & Nash 5%s. 104% 10415 104% Manhat Ry cn 4s. 59% 59 59 Market St cn 58 93% 92% 92% Ml EIRy & LL 5 84% 84 847% M & St Lirt ex 5i 36 26 36 36% 36 36% 74 74 74 6% 6% T6% 94% 3% 94% 51 504 51 94 9315 £4 Bl BlW 8Ik 55 b4 bA% 88% 83% F8Y 104% 104 104 884 88% 88Y 95% 95% 95% 64 62% 62% 65 65 65 62% 62% 62% 3 39 39 86% 854 864 108% 108% 108% 60% 591 59% 84 821 84 107% 107% 107% 95% 95 95% 98% 98% 98% 103% 103% 103% 92 91% 92 79 8% 79 99% 99% 99 897% 891 89% 108 108 108 108 107% 107% 79% T9% 79% 95% 95'% 254 70% 69% 0% 62% 62% 6 6 6% 6% 6744 66% 81 £0% 66% 664 74 724 98% 984 2% 72% 55% b54% 44% 43y 30 29 65% 65 a1 90y ¥5la B4l 95y 95% 63% 68 101% 101 55 b4y 49% 49 6812 684 94% 945 1% 91 83 24 95% 95% 104% 104 95 943, 60% 604 80 79% Mo Pacific 65 Mo Pacific bs New Haven c d 6 New Haven 78 N Y State Ry 4% NY W & Bos 4 Norfolk & W cn rfolk & W cv 6s. rthern Pac 3 Northern Pac 4s... Northn Pacr 1 68, Northrn Pe bs ret. Ore & Calif 1st 5 O Short L.cn 5848, Cre Short Lref 4s. Ore-Wash 1st rf 43 Pennsyl gen 58 Pennsyl gen 434s.. Pennsyl 6% Pennsyl gold Pere Mrq 1st 4s Pere Margq 1st 5s.. Rapid Tran 6s w 1 Rio G West cl 4s. RIArk & L4%s St L IM&S R&G 4s 81 6% 3% 984 2% 5% 44y 30 65% €074 £414 95% 68 101 544 49% 634 94% 91 3 9% 104 24% 60% 80 61 48 S| s S S| L L L L& L L Seab’'d Seab’d A Liref 45 Seab'd A L adj bs Seab’d A L con 6s.. Sou Pacific cv 4i Sou Pacific ret Southern Ry 1st bs 27 Southern Ry gn 4s 59 B Third Ave ref 4i 8 Third Ave adj 5s.. 44 Tol St L& W 4s. 2 Tol StL& W 31as. 5 Union Pac 1st4s... 3 Union Pac 1strf 4s 16 Union Paccv 4s... 8 Union Pac cv 6 13 Virginia Ry 1st5s. 2 Western Md 4s. Western Paclfic Wheel & LE cn 4s. 61 61 Whel &LE rf 43s. 49 48 TOTAL SALES (Par Vaiue): 1lam.. 3407000 12noon. 5475000 lpm.. 72610060 2p.m.. 8669000 ; DIVIDENDS. 4 8 1 4 Stock o Record. July 18 na pr.. June 35 Amer Water Wks ez & Elec 6% pf. .. AWWEETS b Bry Creamery Pkg.... Creamery Pkg pf Clties Service. Citles Serv atk. Citles Ser stk pr. Cit Ser sik B pe Falrbanks Morse. D C Heath & Aug. 1 Aog. 1 June 19 July 1 July 1 July 15 July 15 July 15 July 15 June 20 FERERER R e FRGR June 28 Juiy 10 June 21 June 22 Kan Gas & E pt Metropolitan T.. Mechant o ceco PREREZC, s k. s 2 June 23 June 20 June 20 July 20 June 23 June 30 June 30 June 30 July 16 July 18 9 July 17 Avg. 27 June 22 June 20 June 20 June 20 June 80 June 20 June 29 July 16 Aug. 1 Sept. 1 June 23 June 23 June 21 June 20 June 20 Ny X Prust - o Ohio Fuel Suppiy Elevator.... Elevator pf. kard Motor. .. sececococoreicecoccco Trumbull Stee] Trumbull Steel pf Trumbull 8t1 1ib pt Unlon t Gas.. \\'lflni at Mf pf ‘White Eagle O Re W Penn Er 7% pf ‘W Penn Co 6% pt W Penn Ry 6% pf Welsbach Co. Welsbach Co. pf. s-a 3 Will & Baumer pf 2 July 1 Wison Body br.. July 1 Yorkville Banl June 30 —_— SUGAR PRICES HIGHER. Raw, Spot and Futures Markets Are All Stronger. NEW YORK, June 21.—There was a little better demand in the raw sugar market early today, prompted by the continued good inquiry for refined sugar and prices were % cent higher, with Cubans quoted at 5% cents cost and freight, equal to 7.28 for centri- fugals, with duty-fres sugars on the same basis, There were sales of 10,000 bags of Cubas and 52,500 bags of Philippine Islands to local refiners. The higher ruling of the spot market and the increased activity in refined sugar led to renewed buying in raw sugar futures, with prices at midday 13 to 21 points higher. The market for reflned sugar was firmer and list prices were advanced 25 points by one of the local- refiners to 9.50 for fine granulateds cce FINANCIAL," Grat e ency ™! FEDERALAMERIGAN WHOLESALE MARKET. The egg market is down, not an unusual condition for this season when eggs are what dealers term “heat struck.” It was reported that the general run of prices was 25 and 26 cents, while some sold as low as 22 cents. At this season of the year the loss in candling Is heavy. running from dozen to a dozen and one-half eggs to a crate, necessarily .increasing the cost. Just a bit stronger was reported of the condition of the chicken market, while the market on fowls was down. Spring chickens are in demand at this season, especially for the Fourth of July trade, and dealers think there will be very little change in prices before that time. Eggs—Strictly fresh, selected, can- dled, per dozen, 25; average receipts, 23; southern, 22 Live poultry—Roosters, per 1b., 12a 13; turkeys, per lb., 26; spring chick- ens, per Ib., 45a55; keats, young, each, 50; fowls, per 1b., 23a24. Dressed poultry — Fresh - killed spring chickens, per Ib., 50a60; win- ter chickens, per Ib., 33a40: hens, per Ib., 28; roosters, per lb., 20.; turkeys, per b, 40; keats, young, each, 70a80. Live stock—Calves, choice, per Ib., 10; medium, per Ib., 9ad%; thin, per ib), 6al. Lambs, spring, per 1b., 14 Iive pigs, 3.0025.00 each: iive hogs, per ib., 8 Green fruits—Apples, per bbl., 4.00 29.00. _California oranges, per crate, 5.00a6.50; Florida, 5.50a7.00. Lemons, per box, 5.50a6.50. Grapefruit, 4.00a 5.00. Strawberries, per qt., als. Black- berries, per qt., 6a20. Peaches, 4.00a4.50. Cantaloupes, standard, 4.00a4.50; pony, 3.00a3.50; flats, 1.50al 1, 1.50a2.00; per sack, potatoes, per bbl., No. 1 2, 1.00a2.50; sweet po! Carolina, 2.50a3.00; nearby, Lettuce, per crate, nearby, 1.50; Romaine lettuce, per crate, 75a 150. Cabbage, nearby, 1.00a2.00 per bbl. Eggplant, per crate, 2.00a3.50. Tomatoes, per box, Florida, 2.00a6.00. Beans, 1.50a3.00 per basket. Peas, 2.00a 300 per basket. Peppers, per crate, Florida, 2.50a5.00. Kale, 'per barrel, 50a1.00. ‘Spinach, per barrel, 1.50a 3.00. Celery, per crate, Florida, 2.00a 6.00. Squash, 1.50a3.00. Florida lima beans, 4.00a7.00 per basket. Aspara- gus, 1.00a4.0G GRAIN AND PROVISIONS. BALTIMORE, Md., June 21 (Spe- clal). — Potatoes, new, barrel 5.00; old, 100 pounds, 75al.75; 150 pounds, 1.00a2.25. Asparagus, dozen, 1.50a3.60; beans, bushel, 1.75a2.00; beets, 100, 4.00a7.00; cabbage, basket, 1.25a1.50; carrots, 100, 4.00a6.00; corn, 0a3.00; ' cucumbers, basket, eggplants, crate, 2.00a3.50; lettuce, bushel, 1.50a2.00; kale, bushel, 50a60; onlons, 100 pounds, 1.50a4.25; spring onions, 100, 1.25a1.50; peas, bushel. 2.00a3.25; peppers, crate, 2.00a 3.50; radishes, 100, 2.00a3.00; rhubarb, 100,'3.00a4.00; spinach, bushel, 50a1.0 squash, basket, 1.00; tomatoes, crate, 1.75a3.00; blackberries, quart,’ 12a20; cantaloupes. crate, 40a4.00; cherries, pound, 6al8: grapefruit, box, 2.50a 4.00; huckleberries, quart, 25a30; cranges, box, 4.00a7.00; peaches, crate, 1.5023.00; pineapples, crate, 3.00a4,00; raspberries, pint, 10a18; strawberries, guart, 10al7; watermelons, each, 20a Selling Prices at 12:15. Wheat—No. 1 red winter spot, no quotations; No. 2 red winter, spot. 1.16 No. 3 red ‘winter, spot, no quotations; 2 red winter, garlicky, no quotation ; No. 3 red winter, garlicky, spot, no quo- tations ; June wheat, no quotations. Sales—None. Corn—Cob, new, 4.75 per barrel ; con- tract, spot, 92% per bushel; No. 2 corn, S48 4, no quotations. track corn, 2 or better, 1.00 per bushel. Oats—White, No. 2, 5214 per bushel asked; No. 3, 513 per bushel asked. Rye—Nearby, 70a75 per bushel asked ; No. 2 western export, spot, 71% asked ; No. 3, no quotations. Hay—Receipts, 68 tons; for better description 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 re- ceipts is not large. Medium and low grades are in full supply at regular prices. Straw—No. 1 tangled ryve. 15.00a 16.00; No. 1 wheat, 12.50a13.00; No. 1 #cminal, 14.00a15.00. DAIRY PRODUCTS. BALTIMORE, Md, June 21 (Spe- cial) —Live poultry—Spring chickens, 1b., 45a50; small and Leghorns, 30a 40 old hens, 20a25; Leghorns, 18a20. old roosters, 13al4; ducks, 15a20; spring ducks, 20a30: pigeons, pair, 30. Eggs (loss off)—Native and nearby firsts, doz., 23; southern, 20a2l. Butter—Creamery, good to fancy, 41; prints, 42a43; nearby creamery 39; ladles, 34a35: rolls, 30a32; packed, 29a30; dairy prints, 30a32. TODAY’S CHICAGO PRICES. CHICAGO, June 21.—Buying on the part of previous sellers turned wheat upward in price today during the early dealings. Estimates that the probable yield of wheat in Eu- rope this season had been curtailed 37a 352 store- 25,000,000 to 40,000,600 bushels, as a | result of recent extreme cold weather had some bullish influence. For the most part, however, opinion appar- ently continued to lean to the bear side of the market. Opening prices, which varied from unchanged figure: to one cent higher, with September 1.04 to 1.045% and December, 1.07% to 1.073%, were followed by siight fur- ther gains and then a somewhat sharp setback. Corn and oats were firmer in the absence of any decided pressure to sell. After opening at % off to % up, September 77% to 78, the corn mar- ket scored material upturns all around before beginning to react. Oats started unchanged to a shade higher; September, 37a37%. Later, all months showed alittle advance. In the provision market firmness of grain counted out the effect of lower quotations on hogs. WHEAT— Open. July.. High. Low. Close. CHICAGO LIVE STOCK MARKET. CHICAGO, June 21 (United States Department of Agriculture).—Hogs— Receipts, 40,000 head; fairly active: mostly 10 to 15 cents fower; bulk 160 to 225 pound averages, 7.45a7.55;top, 7.60; bulk, 240 to 325 pound butchers, 7.30a7.40; bulk packing sows, 6.25a6.60; pigs, mostly 25 cents lower: few over 7.00; heavyweight hogs, 700a7.45; me- dium, 7.15a7.60; light, 7.10a7.55; light, 6.90a7.40; packing sows, smooth, 6.10a 6.76; packing sows, rough, 6.00a6.40; killing pigs. 6.76a7.00. Cattle—Receipts, 11,000 head; bet- ter brades most killing classes fairly active; fully steady: top, 11.50; sev- eral loads, 11.00a11.25; best yearlings at outside figures; bulk beef steers and_ yearlings, 9.75a11.00; lower grades, yearlings and grassy meat cows, weak; spots unevenly lower on latter grades; vealers, steady to 25 cents lower with Monday’s late mar- ket: other classes generally steady; bulk desirable veal calves to packers, 9.00a9.50;, few, 9.75, upward to 10.50 and_above to outsiders; bulk desirable bologna bulls, 4.60a4.75, Sheep—Recelpts, 14,000 head; lambs, slow; early sales mostly 50 cents lower; few best natives, 16.00; good grade bld, 1560; lower grades ne- glected; sheep around steady; Texas feeding wethers, 6.50a6.75; choice, 115-pound fat ewes, 7.00. NEW YORK DAIRY PRICES. NEW YORK, June 21.—Butter— Steady at decline; receipts, 18,931 tubs; creamery, higher than extras, 39%a40; creamery, extras (92 score 39; creamery, firsts (88 to 91 score 37a38%. Eggs—Irregular; receipts, 32,072 boxes; Pacific coast,- whites, firsts to extra firsts, 89a35, INGREASESDIVDEND Rate Is Raised to 10 Per Cent—Other Dividends—Re- port of Land Bank Head. An increase from 8 per cent to 10 per cent and authorization to trans- fer $560,000 from undivided profits to surplus was voted by directors the Federal-American bank at a meeting yesterday. The surplus fund of the bank now totals $550,000 with about $200,00) remaining as undivided profits. The quarterly dividend of 2% per cent will be payable July 1 to stockhold ers of record June 28. Rapid progress has been made by the Federal-American since the con solidation of the two institutions, de spite the fact that the bank has bee carrying large real estate holdings In point of capital it is second among the national banks of the District and its deposits are in ex cess of $11,000,000. Plans for the erection of the » Federal-American National B building on the site formerly cupled by the Federal National B are still under consideration. s designs, it is understood, submitted, but no definite yet been taken by the board. ‘Washington Market Dividend. Directors of the Washington Market Company have declared a semi- nual dividend of 3 per cent, or $1 a share, payable June 30, to Stock holders ‘of record June 2 District Guaranty Dividend. The usual quarterly 2 per cent diy den on preferred stock was declared at a meeting of the directors of the Di trict Guaranty Corporation yesterda The company also authorized the pas ment of $3°a share on the commo. stock, both payable July 1. Bond Issue to Be Launched. Announcement was made yesterda: by the Mount Carmel Ketreat Hou: Society of Washington, that it about” to offer $300,000 ten-year per cent first mortgage gold bonds dated March 15, 1 offered at par. and accrued interest, in denomina tions of $100, $500 and $1.000. J. Le Kolb, 923 New York avenue, i treasurer, Circulars sent to Catholi laity stress the investment features of the issue. Cities Service Company in May. The statement of earninge of ¢ Service Company for the year e with May 31, 1923, shows marked provement over the correspor perfod in 1922, while the same provement is shown in earnings the month of May this year as c pared with May of last year. Gro: earnings for the twelve-month pe totaled $16,158,219, as compared w $12,926,120 in the preceding vear. N g6 were $15,665.347. as aga $12,474.532, and, affer interest charg and dividends, net to common sto and reserves totaled $8.145.158, whi was the equivalent of $17.50 a shars as compared with $5.438587 in the preceding year. which was equal to $11.70 a share earned on the commo: stock. In the month of May gross earning were $1,589,994. as compared wits $1.435.323 in May. 1922: net $1,641,310, as against $1.404,210, anc after interest and dividends, $907,151 was earned on the common stock, as compared with $812,844 in May, 19 Reports Condition Good. Vuleske Valden, president of the Federal Land Bank in Baltimore, at conference here this week advised the presidents of the other land ban that the situation in the second dis- trict, comprising the states of Mary land, Pennsylvania, West Virgini: Delaware and the District of Colum bia, was, on the whole. satisfacto: Mr. Vaiden's brief official summa however, points out that the di is somewhat disturbed by the move- ment of labor to the north, particu larly from Virginia, “We are affected.” he said, “by ths movement of labor to the north, but things generally are looking very well and collections are very satis- factory, indeed: We think the late spring ' and excessive moisure ma curtail crops to some extent, but no seriously.” Market Flashes at Today’s Close Marked improvement in earnings is shown in the statement of Cities Ser: ice Company for year ending ) Gross earnings were $16,158,219 - pared with $12,926,120 in precedinz vear. Lord Taylor directors have de- clared an extra dividend of 18 per cent on the second preferred stock, parable August 1, to stock of record, July 14 In connection with the recent bu of Davison Chemical it has been poi ed out that, under its proposed contract with the Royal Dutch Company, Dav ison would receive about $1,000,000 in cash as its profits in the Silica Jel business, regardless of the stock in the latter it 'may get in the transaction. General Petroleum stockholders hav ratified the directors’ action author ing $10,000.000 6 per cent notes for property development, storage fac ties and pipe line extensions. Ex-dividends today. American Stores common, Goodrich preferred, Nunna Company. Hudson Motor Car Company has re- duced prices on four and seven p senger models $50 and on coaches §7: Expenditures of $1.540,000,000 will be made this year by rallway systems and more than 4,000 new locomotives will be placed in service, declarci Samuel Vauclain, president Baldw Locomotive Works, today. Westinghouse Electric declare regular quarterly dividends of $1 « common and preferred stocks. mon is payable July 31, stock recc June 30, and preferred July stock record June 30. Gulf Oil Corporation has exercises its option to take over and operate about 100,000 acres of leases in Mar- aicaible basin of Venezuela, held by Maracaibo Oil Explorations Company _— FOREIGN EXCHANGE. June 21, 1923. (Quotations furnished by W. B. Hibbs & (o) Selling checks 878, 061 s, Franc o o528 Brussels, franc Berlin, mark Rome,’ lira Zurich, fra AAthens, drachm Madrid, peseta Vienna, crown Copenhagen, crown Christiania, crown ... Stockbolm,’ crown . By the Assoclated Pre NEW YORK, June 21.—Foreign ex changes easy. Quotations (in United States dollars): Great Britain, de- mand, 4.61 3-16; cables, 4.61%: sixty- day bills on banks, 4.59%. France demand, .0619; cables, .0619%. Italy demand, .0453%; cabies, .0454. Bel gium, demand, .0527; cables, .0327 Germany, demand, .0007%; s .0007%. Holland, demand, .3917 bles, .3920. Norway, demand. Sweden, demand, .2647; Denmark, de- mand, .1793; Switzerland, demand. .1797;’ Spain, demand, .1485; Greece. demand, .0313; Poland, demand. .000005%; Csechoslovakia, demand. .0300%; Argentine, demand, .3575; Brasil, demand,.,10857 Montreals 0354 i .