Evening Star Newspaper, June 25, 1923, Page 19

; . THE: EVENING STAR, 'WASHINGTON, D. ., MONDAY, JUNE 25 1923, STEEL INDUSTRY S |"chren e Ecre VIRGINIA WHEAT | [epumneoer vews 1 [ AND BANKS OFFER| - RUNNINGSMOOTHLY 5 vl NOW IN MARKET) e NEW BOND ISSUE AFTER CALL. laths dropped 50 cents {n this mar- L ton Moy 5 at 781, 5 at 76 o aemativs fo eIl ket within the last week and short Good Demand for Product, sog tt gy eeten ¥ o % |Shipments to eBaltimore of|leaf pine i» expected to deciine.in| Amoynt $45,000,000 and ges National Bauk—10 at 6487%. price within the next’few days. Steady Frices and No Se- | o~ ‘“;6"‘;;5'.”" = Excellent Quality—Bring 1_ngmm%g_g::.uzjggnm.un:gg‘{ield' About 4.45 Per Cent, j H turned out last week. The 1,250-by- K ’ rious Wage Controversies. Bid and Asked Prices. $1.25 Per Bushel. a0 teot Linsoin eaattion 15— near- | S2Ys Today’s Announcement. PUBLIO UTILITY. N ing completion and will add consider- R o ' ' e FU T S R ; 5 : Amerlcan Tel. & Telga. 4. Spocial Dispateh to The Stacs ,082-£0 ns o blic offering 18 belng made today B 5 E. pecial ) Spectal Dt ,,‘ ¥ o e i "t BALTIMORE, June 25.—The first|Lincoln chassls and cars 18 being|or g ‘mow fasue of $45.000,000 ten- NEW YORK. 5'3,'5;'20 There 18110 | B e e CoRY 88 ,, | shipment of the 1923 wheat crop to thirty-year federal land bLank 4% h the Baltimore market arrived| SAN FRANCISCO, June 25.—The|per cent bonds at & price f 100% indlcation today that a revision of | Anacostia & Potomac guar. Gs. e elght wells b; ht in in the Santa . & e} s, — % 1 g s_brougl n_the San o ? Wuges wlll be necessary in the steel ¢ & ;fi m—:;:::fx v Saturday—about ninety-stx tushels| g’y iy’ nelq last week had d- [8nd interest to yleld about 4.46 per industry in July. Two months ago | CePital Traction R. R. 3s *|from Merry Point, Lancaster county. | gitjonal output of 6,000.barrels . [cent to the redeemable date, 1033, 4 City and Suburban bs. ;| Va, and fifty bushels from Ottomans, | This is higher than the initial aver-land 4% per cent thereafter to re- - - - - t o sapantrat vee conbasaty s | Sl SRR i iy ya- gna ety busels trom outsmacs | Tuis'ls Hlsfer foax the Toiel 4 {asd 45, per ont. i Day-in-and-day-ou Pected, but the acute shortage of |peciropolitan R. R. bs 7 Potomae Ele 4 | first shipment of wheat noted here | 3nd Indicates that in sympathy with “mpg 40044 are being oftered to the| .o 3 3 H % 5 r s nowhere near depletion. Yorkers has passed and ine “plight | Futmic Eiec ol In years and, aside from showing a | STVIRE 1t 18 0 a demiation. |y o by s eonntrr-wite o oo | S@tisfaction w ith “e:upl Ibnmderdnnndd{‘nlr steel products E:“ E‘,,c_ P"' s m. G .-+ | slight trace of garlic, was free from thlmwlonmt:fibr?, -h;ne 15{—3:1110}5 posed of twelve federal land banks, 9 t . i stobliaad bopmitiéns, hot. Elcc. Bow: | forelgn materials, dry, clean and of | that prices of dry goods are too hiEh |investment nouses, msututions and| PBrookfield. It's fi There are no labor difficulties tn | bef; Eleg; Pow. 1033, *| well developed berry. today, compared with prices offered {upward of 1,000 déalers. The bank- T c t's fine to Blght in the steel centers at present. \ Alex. & Mt. Ver. ctfs. e smaller lot, while clean and|for thé new cotton crop is restrict- |ing group is headed by Alex Brown Neither s there an oversupply of Bult. & Aunap. dry, also showed ‘a trace of garlic, | InE sajes in the wholesale dry goods /& Sons of Baltimore, Harrls, Forbes b bl t d d u n labor, but employers find themselves | Washington Gas 5 the berry slightly pinched and the|lines. and Company, Brown Brothers and € able 1o epen po Detter off for workers than was an- y wheat slightly tough. Both parcels et Company, Lee, Higginson and Com- ticipated earller In the year just after k [Elec. were sdld on the chamber of com-| PORTLAND, June 25.—Japanese(pany, the National City Company | s 3 the United States Steel Corporation . Rwy. 3 merce floor at $1.25 a bushel. 'The| interests today ‘are making heavy and the Guaranty Company of New| 1t at all times announced the wage increase of ap- MISC! NEOUS. first new wheat last year reached | purchases of new crop flour in this|York. proximately 11 per cent. D. C. Paper Mfg. fs.. the Baltimore market on June 20)market. Sales of club straight flour [ The bonds are exempt from fed- Reports off price shading in the | Riges Renitr se (long) 3 and brought $1.35 a bushel, but the|to the orlent have been made to ' eral, state, municlpal and local taxa- steel market cannot be verified and | Riggs Realty bs (short). general wheat market was consid- [north China points and to Japan, at tion, are dated July 1, 1923, and are there have been no mportant can- |Sec. Stge & Safo Dep. erably higher at this time last year. [ around $5 a barrel net,-at Portland. due July 1. 1953. Théey are not re- collations of - orders. | SIEht . reduc: . SIkt, Cold Storage o 3; |, Indications are that wheat has|The volume of sales is surprising .and |deemable before July 1, 1933, but are tons in plant outputs here and thece | Wardman Fark Hotel Gs.. " |been harvested fn :good shape in|indicates orlental interests believe |redecmable at par and interest at any e Rl o i e STOCKS. Maryland and Virginia, and if the|flour values are close to_their low time after ten years from date of conditions. Production is funning ot . growers will see that It is threshed | point. issue. They are in coupon and regls- o high rate and products are being PUBLIO UTILITY. when in good condition it will prove —_— tered form, interchangeable, in db- teanily Lo niny RS e profitable to them, according to| LEXINGTON, Ky, June 25.—All{nominations of $10,000, $5,000, $1,000, A SR T % dealers here. available labor fs being utilized in|$500, $100 and $40. Interest is pay- show that there are no large accu- |W: o the tobacco flelds today throughout|able January 1 and July 1 at any inulations at any . point. Inquiries N . 220 the Burl district where planting |fed 1 land bank fed 1 - et oot valime Tand whia there | Nesh By & iec som 1% STOCK CHANGE PLANNED. |is" soing ”on. *"Excebtionaily high serve bank - © ‘cieral =@ 14 disposition to look for a tapering | Terminal Taxi com. A8 saesiad wages are being paid. Land Banks’' Condition. 10 the Beoond Bore akers’ Wre Sfac- NATIONAL BANK Traction Company Seeks Action by | CHICAGO. June 2—The demand| Ilgyres made publlc in connection confidency a a jtal . 2 or machine™ tools in this market the 5 hat in St e tha Swani NeX G el G Ospliat Shareholders. today is bein aided by fairly heavy |the five and one-half years of active 4 Commercial ... b & buying on the part of the rallroads. |OPeration the twelve federal land Immigration a Business Problem. & NEW _YORK, June Farmers & Sec —Stockholders | gur 18 0T Hhe DA O achinary aie; |banks have been built up until on Restricted immigration 1s exerting | Federal-American of the Western Pennsylvania Traction | ate good. " " i =y May 31, 1523, thelr capital was $39,- L 3 and Water Power Company have e 80829’ serve, 3 .| H an unwholesome Influence on bust- | Fieers : s CompuyitinyR en re $3,403.000; _surplus 3 asked to attend a special meeting July | PITTSBURGH, Pa, June 25.—The |and undivided profits, $3,741.105. and ness, according to C. H. Markham, i\;'lllnnll . 9 to act on a proposal to increase the A,,,J,c,sn Sheet and Tin Plate Com- |total assets, $787,750,071. All twelve vresident of the Illinols Central rall-|Sesond 2 Saptal stock from 310.000 shares of | pany has booked business equal to banks arc on a dividend-paying basis Tond and icha National Bank of Washington. o ghar value to 1,000,000 shares di-|more than two-thirds of a quarter's, @nd every bank shows a surplus and chalrman of the board of vided Into 500.000 shares of no par com- | GEe ant™ "I URTNG % “qioted at|€arned from operations. the Central of Georgla, TRUST COMPANY. mon and 500,000 shares of $100 par pre- | 55 50" black sheet at 3.85 cents. blue| ,The United States government, as “Unlon leaders nre taking advan- | American Security and Trust... 320 |ferred stock. It is proposed to classify | arnealed at 3 cents snd galvanized |°f May 31, 1023, owned approxi- tage of the opportunity to demand |Continental Trust. l'het lnuerl lyilp S..v‘l’l“nghnre! of 6 per| heets at & cents, mately $3.000,000 of the capital stock Yrage Increases in excess of what in- Cont Cumuiat we snd 19,603 shaces of 7 of the federal land banks. The Gtsteyican on ey e e et per cent cumulative. The present 6 farm loan associations, during the r ol e ¥ per' cent cumulative may be exchanged year 1922, acquired approximately 13 belng demoustrated in the check | Wash. Share for share for the now 1 per cont| RIBBON MILLS RUSHED. |[385%50.005"" of**“Fenear “Phana ™ bink tions, The effects. of the immigra- e SAVINGS BANK. pre;vrrml. whnp! a;y ‘;-r the 6 per cent —————— »tgz‘k‘; 5 per c\:ntluf the proceeds o‘: tion La¥tetic = > | commerce and Savings.. ! . | preferred’_acquire y the company which were used to retire stoc e ooction are belng felt acutely | Fas Warhington Raviags will also be converted Into 7 per cent|Century Company Reports Best fwned by the government, as requlred are being drained of thelr natural and | secry S 2 'i‘s"q“’h,‘j“lf“‘;',‘w"’f(;‘,'ngfngfe”- Soktor ro- Month in Forty-Five Years. SFal o Vegktury, Hasiyrressad e e e A R T ST : NEW YORK. Juho 25.—Business of [ NOW |holds over = §100,000,000 federal ihe £ s . | tne Cantury Ribbon My in’ May-ex. |land banic bonds. While " these borids “While there i u lubor shortage fn|, ~ FIRE PRICE AVERAGE DOWN. * | cccded that of anycorresponding monis | 2T 1ot &axernment oblizations, any . el ! American . 2 n the forty-five yvears v e z i ;’\”n:}:l:-n:lu"x:.:‘?vm‘urgv:hm i‘r’z‘lfi("&’e Firemen’s ... o «Index Number” 158, Against 159 | cocnarst 3¢ mer :,“fsmf“w‘,";& an in- | Hons P e nvl‘hcr lslh»!r;!‘ulg:'”fgd- improvement of traffic. Public opin- | National Usion. et 2 b A crease of per ieent oven 1922. ecral charter with governmental su- hic co the carriers. Lok for ans IES NSO ErerlouVINEAR a1 d 105 [nthpull. NE MI PLAN' (o tne wovermman: s sracer usually good business this fall.” Columbia _Title .. 8% Special Dispateh to The Srar. ‘W CHEMICAL T. ! Other Offerings, $75,000,000. Real Estate Titie... . 2 NEW "HAVEN. Conn, June 25— | TAMPA, Fla., June 25.—The United = : S : o A noteworthy feature about the MISCELLA : Frof. Trving Fisher's copyrighted |States Chemical Corporation has been altewuEshs by TWO. SERIOUS STRIKES I s : | weekly index number of American |incorporated by Harry L. Plerce of |Qfering is the small amount avall- T e hone DraL - 3 jcommodity prices, based on 100 as!New York and associates. -The com-|&DC St RS tHne, = For some time THREATENED IN BOSTON C. = 5 the average for 1913, is 158 for the | puny will erect a big fertilizer plant 4 S ere Wi Cotas - s, !past week, comparing with 159 for |here. It will develop 400 acres in the ric The last offer- Morgenthale: Linotrpe. IR : week before, with 160 for two | Dover. Sidney and Plant City section, | {yeTy, (M€t 00,000, of which projected | Old Dutch Market com. . | preceding weeks and with 168 for |and expects to make big forelgn | apnroxima $50,000,000 were ators and dis- | 01d Dutch Market pfa. . the week ended Wpril 7. |shipments of fertilizers. = Peter §. | SPPrOXImately S20.000.0 L s * 230 The highest of the present vear to |Gilchrist, Charlotte. N. C. will be|POrBOSCS L refuniing oyistand the blue-uniformed | Security & 3 {date was the 168 of April 7, the low- |chairman of the board of the new |ao"§f (he of the demand for 1 street ratlwa; Yellow g 5 est 156 in the first and second weeks jcompany, which has a capital of | money n banks had passed *Ex dividend. jof January. The highest point reach- |$2,350,000 and that ereafter the offerings BT : : {ed “since the war was 247, in May would be considerably smaller. From | i 0, and the lowest 138, in January, | this. howeve « follow that he New Eng- WILL PAY INTEREST. E . BIG TERMINAL PLANNED. |incre'is any shckening on th and tae rep-{ DENVER, June 25.—The Denver| e purchasing power of the dol-| NEW ORLEAN 2 = ot idemandn :s of the employes as to|and Rio Grande railroad has been|lar was 63.1 pre-war cents. proximately 49 per cent of the stock | for additional ult of the strike vote taken jauthorized to pay out general funds| of the New Orleans and Lower Conet S el T, A ¥ the ope . The operators de- [interest of $1,139,895 on first con-| railroad has been sold to W. D. Pratt | and which came from the Ciare that the result represents the [solidated mortgage and first trust| ' LOAN OVERSUBSCRIBED. of Kansas City, under conditions that 2 a8 lomerzate of desires of less than 10 per cent of [bonds of the road, when a petition| BERLIN, June 25.—Prussia’s third |assure the transfer of the entire in- i ETaton emploves involved, while union|for such authority presented on be-|5 per cent potash loan, amounting to | terest to him. The purchaser plans s assert that a clear majority |half of the receiver. James H. Young. | 100.000.000 kilograms, was_oversub-)to develop an industrial terminal on e ke, n is the most variable in 2 was approved by Federal Judge J. F. | scribed more than eight and a half |the Mississippl river, opposite this| The br: issue on the Eastern|Symes. The interest will be paid on times The subscriptions totaled jcity. He owns 8,000 acres of land |size and quality of all the parts of the street rallway has|jyy 1. 869,565,200 kilograms. with a ten-mile water front. human body. o arbitration and|' Y e arings will begin Tuesday. > MONEY FOR NEW WHEAT BOOSTS TEXAS TRADE Bpecial Dispatch to The Star. B FORT WORTH, Tex., June 25.—New The new guide tocorrect inning to appear in Texas with consequent stimulation lubrication is ready to retail trade in the grain section. . el = It is displayed at garages and The flow grain_to the mills in g A i Dallas, ton, Sherman and this service stations that special- ¢ity aiso has set'in, Labor demand : ize in complete lubricating from the harvest flelds s ‘increasing ; & and business conditions are expected / / k) service for your car, no mat- 1o continue to benefit for the next ter what you drive. sixty days In consequence. By that X rivi time the cotton crop should be in full movement and the “ums pald plant- rs will keep the . .umoe of buginess high until ¢ 7 BUILDING RUSH BOOMS BUSINESS IN GEORGIA| Special Dispateh to The Sfar. NTA, June 26.—All business 3 in the southeast is suffering E s \ Low Fll'st ‘ :ost — a seasonal midsummer slump g \ — with the exception of building con- 3 | \ struction, which continues at a fever- 5 A Bay St |-y b pace. _ Vermits were given in ) Wy & . . - . the last week for two fifteen-story b Y \ hotels here, work on which will be- lg 1rvice ue 99 gin at once. The total for actual ‘ - > 39 building undertaken so far this year U | amounts to $17,500,000,000, or almost i . 3 : three times the amount spent for - 'y building in the corresponding period 5 4 B B » S i s o Al Here is a tire that matches your ; ) fhe st Notia et S log0n Mo : I\ N money with service—the Goodrich OMPLETE l'fbflcating service e "SE‘!ihfili;:?:fl_fliii:;i>f2S}Ffl.’i’h'é*‘n‘;';.“. . Rl “55”, This is the economy tire f.or me?ns prpwdmg the right oil ; small cars. Its first cost is low; its at the right time. Polarine gives value is high. this service. The Polarine Chart This tire takes to rough going like of recommendations specifies the a draft horse. Thick, tough, anti- proper oil for the car and thesea- skid tread and heavy sides. son. Say “Polarine”—buy from Users of 30 x 3% tires, here is the Chafl—get better perform- tire that turns every cent of what ance, longer life, fewer repair bills you pay into miles. : ‘ and more days’ use of your gar. : ; It is as easy to say “Polarine” MAKERS OF THE BILV.II\TOWN CORD . more satisfactoryin lts. STANDARD OIL COMPANY) Bl (New Jersey) - LIVERPOOL COTTON. LIVERPOOL. June 25 — Cotton, spot, quiet; prices firm.. Good mid- dling, 16.90; fully middiing, 16.80; middling, 16.65; low middling, 16.40; good ordinary, 15.90; ordinary, 15.60. Sales. 5.000 bales, including. 2,800 American. Receipts, 6.000 bales, no American. Futures closed barely steady—June, 15.4%; July, 15.01; Sep- tember, 14.11; October, 13.59; Decem- 13 January 2 March, SHORT-TERM SECURITIES, (Quotations furnisied by Kednond & Co.) Aluminum Co. of Amer, Ts I American ‘Anaconda Anglo-American Oil 7 Bell Tel. of Canada s 19; Canadian Northern 54s 1923 Cent. Argentine Rwy. 6s 1 Federal Bugar_ Ref. 933 Goodyear T. & R.'Sx 1831, Great Northern 74 1936... Mocking Valley 6s 1 Tlumble Qi 5gs 103 Kaoeas City Term. 6y 1923 Rennecott Copper 7s 1930, Libby, MeNeil & Libby 7 Si P, & 88 M0 Morris & Co. 7l 1050, Penni. R. K. 7a 1830. St. Paul Union Depot 5 ears. Roebuck & ] Western Unlon ‘Westinghouse E. TREASURY CERTI S : LA p 77 NP WITLL Y 08 s p (Quotations furaiabed by Redmond & cay | - o ; e e S o : : 2 v LONG LIFE TO YOUR MOTOR * 100y s [ Experienced Advertisers Prefer The Star