Evening Star Newspaper, June 27, 1923, Page 22

F PRICES OF STOCK AGAIN SMASHED 1 Gains of Past Year Nearly Wiped Out as Heavy Sell- ing Wave Spreads. BY STUART P. WEST. Bpecial Dispatch to The Star. NEW YORK, June 27.—Railway shares bore the brunt of selling in! No reason for this | in | today's market. could have possibly the May statements, most part, pected. The selling was mainly at- tributed to market conditions, the point in this connection being that rails on the average had not had their proper share in the downward movement of prices. Union Pacific, under what looked be forced liquidation broke 3 . at which figure it wa well under the lowest of the yea Weakness in Northern have been attributed to the general revulsion of sentiment in specula- tive circles, which was very hopeful even as late as a fortnight a the subject of increased r; dends. and has now faced about com- pletely, belleving that these will not oceur. At today's prices Pere Marquette common had lost practically all the ground gained in anticipation of the recent $1 dividend declaration. New Haven was sold on the slight in- crease in the May income and on the poor comparison between the first five months of 1923 and the same period in 1822 Selling Very' General. Although it was reported unoffi- clally that the money was on deposit to meet the July coupon on Virginia- Carolina Chemical 73z per cent bonds, this had no reviving effect upon the stocks of the coucern. Both pre- ferred and common made new lows, the former down over 3 points. American Agricultural Chemical was stmilarly weak. been found which, for the to points to 12 Some of the melling was attributed | of accounts in- ent failures. was true, there rood deal of to the winding up yolved in some of th. Whether or not this were evidences of liquidation of the sacrifice sort. Kor example, a large bloc of Industrial cohol ‘was tuken over at 44 against close. _Another in- 3 luuh Pacific which, on bunched selling orders. had a sudden drop of 2 points. Still another was Sears Roebuck, which fell 3 points or so on what lovked to be tress selling.” Steel shares most of the time of- fered better resistance than the aver- age to the selling movement. Special buying kept on in one or two in- dustrials like Steel and Tube pre- ferred and Davison Chemical. But these were exceptions. The selling movement elsewhere was very gen- eral. Rubber Stocks Also Crash. Steel common during the greater part of the time showed some sistance around its low figure, and so Gid Baldwin _ Locomotive. - Steady absorption of Studebaker seemed to be going on around par, but it was not heavy enotgh to prevent the stock breakins through. Another drop in crude rubber to the lowest of the year so far was accompanied by United States Rubber and a further break in Kelly Springfield. One of the disturbing things was a fall of 3 points or so, most of it in the last hour and a_half, in Republic and Steel. New lows werc made in many of the oils, but as a group they were not as weak as most others. Some people today regarded it as, moteworthy that California Petroleum new stock should have done so well | the past few days In face of the| weakness in the general body of in- dustrial issues. It is understood that certain interests undertook to sup- port California Petroleum sometime ago, and that they are now buying | into their specialty with fairly good _results so far as its market action| is concerned. Three Months’ Gains Gone. The prolonged decline which has more than wiped out the entire ad- vance of the first three months of 1923 and has brought prices back over pretty much all the ground gained in nearly a year, can only be explained in one of two ways. Either it por- tends some serfous recess in outside trade, the signs of which have not appeared, or else is simply a specula- tion for the decline quite as unrea- | sonuble as was the “bull speculation” of October, 1919,. and more extreme than the over-enthuslastic campaign last winter. MAREKET CLOSES HEAVY. Dy the Associated Press. NEW VORK. June 27-—\Weakness of the railroad shares in the face of unusually favorable May earnings reports was the disturbing feature of today's stock market. Rails ap- parently were sold in expectation of increased wage demands by the brotherhoo Industrials yielded in sympathy. Commission house liquida- tion of weakened marginal accounts was an Important factor. Sales were approximately 1,000,000 shares. £ Nearly four score stocks registered new minimum prices for the year. United States Steel, Bethlehem Steel, American Car and Studebaker were among the representative industrials that sold at new lows early in the afternoon, while Union Pacific, South- ern Pacific, Northern Pacific, Great Northern preferred, Norfolk and Western and Chicago and North- western attained that distinction in the railroad section. The closing was heavy. Recognized leaders showed better resistance to selling pressure in the late dealings, but prices of minor shares continued to melt away. FALTOSETTLE TELEPHONE STRIKE Joint Action Proposed by Two Bodies of Op- erators. By the Associated Press. BOSTON, June 27.—Efforts for peace between two opposing factions of greater Boston telephone operators brought a new element today into the strike declared In all New England states except Connecticut yesterday Oy the telephone operators depart- ment, International Brotherhood of Electrical Workers. - Overtures were made by department leaders to the old local 1-A, a greater Boston union, ‘whose charter was revoked by the department some time ago and whose members remained at work yesterday seeking amalagmation of the two bodies for joint action. ‘While telephone officials, leaders of unions refusing to participate in the strike and newspapers agreed that the strike had proved a failure on its first day, Miss Julia 8. O’Connor, president of the department, asserted that one- half of the operators in the five states involved had joined the strike, Predictions were made 1 Miss An- nis Molloy, head of the old local 1-A, gn the strike would end in failure to- were as favorable as ex- | Pacific might ! “dis- | re-, extreme weakness in | Iron | INANCIAL,' THE EVENING STAR, WASHINGTON D. €, WEDNESDAY JUNE 2 NEW YORK STOCK EXCHANGE ] e Adats Express. Adv Rumley. Adv Rumley pf. Alr Reduction Ajax Rubber Alaska Gold. Alaska Juneau.. All Am Cable. Allied Chem. . Allis Chalmers.. Am Agr Chem Am Ag Chm pf. Am Beet Sugar Am Bosch. ... Am Brake Shoe. Am Car & Fay Am Car & F pf Am Chain (A). Am Chicle Co. Am Chicle pf. “otton OF Am Druggist. Am H & Leath Am Iee. Am Ice pf Am La France Am Linseed. Am Linseed pf Am Locomotiye. Am Loco (new). Am Metals. Am Metal pf. Am Radiator. Am Roll Mill pf. Am Safe Razor. Am Ship Com. Am Smelting. Am Smelt pf. -l Am Snufr. .. Am Steel Fdy. | Am St1 Fd pt Am Sugar. ... Am Sugar pf.. Am Sumatra.. .. Am Tel & Teleg. Am Tobacco. ... Am Tobac (B) Am Tob pf (n) Am Water Wk AmW W 6% p Am Wholesi pt. Am Woolen. .. Am Woolen p?. Am Zinc & Lead Anaconda. Ann Arbor. Ann Arbor pf. Arnold Constab. Ass0 D Goods. Associated Oil Atchison... ... Atian Bir & At] Atlan Cst Line. . Atlantie Fruit, . Atlantic Gulf. Atl Gulf pt Atlantic,Ref | Atlas Powder (n Atlas Tack. Austin Nichols. Auto Knitter. | Auto Sales pf. Baldwin Loco. . Balto & Ohio. Balto & Ohio pf. Barnesdall (A). Barnesdall (B). Beechnut Pack. Beth Steel. .. { Bklyn Rap Tran i Bklyn | Bklyn R war 2d. | Brown Shoe. Burns Bros (A). Burns Bros (B). Butte Copper. Butte & Super. Butterick Calif Pack. Calif Petrol Calif Petrol pf Callahan Zinc. .. Calumet & Ariz. Canadian Pac. ! Central Leath. | Cent Leath pf. . Cerro de Pasco. { Chandler Mot. | Chesap & Ohio Ches & O pt w Chi & Altoni . Chi & Alton pf. Chi & E 11l pf. Chi Grt West Chi Great W pf. Chi Mil & St P {Chi Mil &St P p?. Chi & Northwn. | Chi Pneu Tool. {Chi RI& Pac. | Chi R1&P6% pf. Chi R I&P 7% pf Chile Copper.... Chino Copper. CCC&SLL. Cluett Peabody. {Coca-Cola. Colo Fuel. .. Colo & South. .. Columbn Carbon { Columbia G: ! ool Gas (new). Columbia Graph Com Solv (A). Comp Tabulat . Cons Cigar. | Cons Gas of N | Cons Textile. Cont Can. . Continental Mot Corn Products Corn Prod pf Cosden & Co. | Crucible Steel . . Crucible Stl pf.. Cuban-Am Sug. Cub Am Sng pf Cuba Cane Sug.. Cuba Cane S nf Cuyamel Fruit Davidson Chem. De Beers. Del & Hudson. D Lack & West. Detroit Edison Dome Mines. DuSS & Atl pf. Bupont (E I) Dupont deb. Eastman Kodak Elec Stor Bat £ik Horn Coal. Elkh'n Coal pf Emerson-B pf. . Endicott-John Erfe. . Erle 1stpf. ... Erle2dpt...... Fairbanks Co. .. Famous Players Famous Play pt. Fed Mines & S. . Fd Mines&S pf. . Fifith Ave Bus Fisher Body. Fisher B of O pi Fisk Rubber. Fleishman. Foundation Co Freeport Texas. Gardner Motor.. Gen Am Tk Car. Gen Asphalt. . Gen Asphalt pf.. Gen Cgar. . Gen Motors Gen Mot 6% deb. Gen Mot 7% deb. Gimbel Bros.... Gimbel Bros pf. Golawin Corp. Goldwin (new). Goodrich....... Goodrich pf..... Goodyear pf. Goody prpf wi. | Granby Consol Gray & Davis. Gt Northern pf Great Nor Ore. Greene-Canan Guantana Sug. Gulf M & Nor pf. Gulf St Steel. . Harbishaw Cab. Hartman Corp Hayes Wheel Hendee Mfg. Househ'd Prod Houston Oil. Hudson Motors Hupp Motors. ... Hydraulic St! Tlinois Central. Aw Cot Ofl pf... Am H & Lea pf.. Am Internat'l. .. Assets Realizn. . Atchison pf.. ... Austin Nich pf.. Bklyn Edison. .. T ctfs. . Open. 7 11 35 60 8 % 1% 101% 65% 33% 15 39% 82 - 81 ™ 88% 150% 120% 21 9% 40 6 16 5 % 40% 91 78 18% 3’ 107 32 14 74‘1 106% 99y 90% 46% 57 11% 57 49 106% 1% 1 197% 51% 1238 25% 6 19 14% 8% 21 99% 6% 46 . 148% 22% 60%, 38 50 59% 98% 2% 4% 53% 4% 11% 19% 34 1% 78 28 T4% 81% 25% 184 86 65 6% 27% 27% 45% 95 1% % 28 68 21% 5Tk T 44% 8 125 42% 6433 88 26% 95% 11 44 69 32 24% 108% 114% 101 86 % 116 84 101% 56 14% 30 18 63% 11% 19 13 10 72 89 % 87 % 145 97% 8% 40% 66% 1% 9 45% .. 22T% 10% 1% 82% 96% High. 71 11 35 60 8 % 1% 101% 66% 3815 16 39% 824% 31 70 89% 160% 120% 21 9% 40 6 16 5 74 40% 9% 9% 194 10% 19% 40 134% 67 43 9 98% 5% 11% 55% 93 133 33% 98 67 100% 18 121% 142 1% 102% 36 54% 93Y% 843, 994 9 397 9 32 74% 106% 99% 90% - 119% 121% 46% 57 13 113% 57 49% 10613 1% 1 20% 51% 1284% 25% 6% 19% 14% 8% 21 9% 5% 46 149 22% 60% 38% 50 59% 8% 2% 4% 54 4% 1% 19% 344 72 8% 28 T4% E1% 25% 18% 86 65 7 27% 274 45% 95 125% 117% 117% 42% 66 88 26% 95% 1 44 59 33% 24% 108% 114% 101 36 4% 116% 84 102 .56 14% 30 18 63% 1% 19 13 10 72 89 T% 37 - T 145 9T% 8% 40% 87 1% 9 46% 27% 65 B80% 174 174% 10% 14% 82% 96% 40% 97 4 14 Low. ks 10% 34 60 44% % 123 111% 5 l i | Pure Of1. 83 25% 956% 10% 41 58 30% 24% 108 113% 100% 35 4 107 3% 101% 556% 13% 30 18 63 10% 18 13 \ 1o 89 ki) 36 % 97 8% 40 67 10 10% 82% 26% 97 4 83 95 18 % 26% : 5 67 % 82 32 i | Studebaker pf. . } Inspiration {In Ag Chemical. | Lee T & Rubber. {Minn & St L (n). % | Replogle Steel . Open. Ind Oli & Gas Indiahoma. Indian Refining. Inland Steel. Inland Steel pf 6% 4% 5% 35 98 28% 12% 3% 10% 33% 20% 21 6% 6 24% 12% 82 36 66% 65‘6 10% 3 % 18% 65% 56% 18 652% 31 33% 96% 334 am 80% 82% 18% 60% 61% 14% 64 40% 1487% 90 69% 20 8 Interb Rap In Ag Chem ptf. Int Cement. In Combust E. Int & Grt North., Int Harvester. .. int Mer Marine. Int M Marine p: Int Nickel Int Nickel p Intl Paper.... Intl Paper (sta): Int Shoe. . Int Tel & Teleg. Invincible Oil. Towa Central Island Oil Jewel Tea Jewel Tea pf Jones Tea Kansas City 8. . Kansas C So pf. Kayser (Jullus) Kelly-Spr Tire. . Kelly-Spr 8% pf. Kennecott. .. Keystone Tire. Laclede Gas. L E & Wn ctfs. Lehigh Valley. Lima Locomo. Loews Inc. LoftInc...... Loose-Wiles. Lorillard (P) Louis & Nash. Mack Trucks. .. Mack Trucks 1st Mack Truck 2d. Macy Co Magma Copper Mallinson & Co. anhattan Elev 2 43 Man El inv guar 33 4% 42% 645 387 40% 374 12% 9% 17% 14% 13 24 % 25 5% 11% 29% 12% 35 614 20% 25 Manhat Shirt Murket St prior. Marland Oil. Mathison Alkil xwell (A). xwell (B). May Dp Stores Mcintyre Por. Mex Seaboard. . Mex Seabd ctfs. Miami Copper. . Middle St Oil. ... Midvale Steel. Mo Kan & Tex. . Mo K & Tex pf. Mo Pacifle. Mo Pacific pf. .. Montana Power. Montg'y Ward Moon Motors Mother Lode Nat Cloak & S pf 92 Natl Dept Stores 84% Natl Dept Sto pf 927 Natl Enamel. 58 Natl Lead...... 114 Natl Ry of M2d. 8% evada Copper. 11% OrTex & Mex. 88% Alr Brake.. 334 Y Central 107% Y Dock pf.... 46 H&Hartfd. 15% Y O & Westrn. 15% Y Shipbidg. 10 Falls Pow pf. 107% Norf & Western. 1047 or & West pf.. 177 orth Amer. 20 orth Am pf. 431 orth Pacific 6814 ov Scot Steel.. 21 1% 4% 18 Oklahoma Prod. Ontario Silver. . Orpheum Circuit Otis Elevator. Otis Steel. . Owens Bottle Pacifie Develop, Pac Gas & Elec. PacificOil. ... Packard Motor. Packard Mot pf. Pan-Am Pete Pan-Am P (B) Panhandle. 2% Parrish & Bing. 10% Penn Seabd Stl. 3% Penn Coal & Cke 37 Pennsylvania... 43% People’s Gas. ... 89% Pere Marquette. 41% Philadelphia Co 43% Philip Morris 13 Phillips Pete... 414 Phoenix Hoslory 321 Phoenix Hos pf. 93 Plerce-Arrow 7 Plerce-Ar pf. 1% Pierce Oil. .. 3 Pierce Oil pf. Pitts Coal 3 Pitts Coal pf.. I'itts & W Va Postum Cereal Postum Cer pf. . Produc & Ref. Pub Service. . ... Pub Serv 89 pf. Pullman Co. .. Punta Alegre 77 13 93% €5% 60% 37 44 101% 115% 52 18% 20 30% 104% 11% 36% 10% 0% 47% 47 0% 82% 14% - 45 17% 63% 115% 20 45% 18 19% Pure Oil §% pf. . Rand Mines. ... Railway Stl Sp. Rapid Tran Sec. Rap Tran Sec pf Ray Con Copper Reading 1st pf. Reading 2d pf. . Reis Robert pf Remingto: Rep Ir & Steel .. Reynolds Spr Rey Tobac (B) Rey Tob pf B Rossia Insur. . Royal Dutch. . St Joseph Lead.. St L & San Fran St L&San Frpf. St L Southwn St L South pf. San Cecil Sug Schulte Stores. . Seaboard Air L, Seabd A L pf. . Sears Roebuck.. 172% Sears Roebk pf. 108% Seneca Copper.. 7 Shell Tr & Tran. 34 Shell Union 16% Simmons....... 274 Stmms Petrol 8% Sinclair Ofl. 28% Sinclair pf. 93% Skelly Oil 17% Sloss-Sheffleld. . 48 So Porto Sugar. 41% SoPorto RSpt. 94 South Pacific... 87 Southern Rwy.. 34% Southern Ry pf. 65 Spicer Mfg Co... 14% St Ofl of Calif... 50% Stand Ollof NJ. 82 StOil of N J pt.. 116% Steel & Tube pf. 105 Sterling Prod... b4 Stewart-Warner 80 Strombg Carb.. 624 Studebaker 101% 115% 8% 3% 1% 9% 42% 58 18 10% 11 101% 29% 2, 1% 6% 10% Submarine Bt. .. Superjor OMl. ... Sweets Coof A ‘Tenn Copper. .. Texas Company. Tex Gulf Sulph. Texas & Pacific. Tex& P C & Oll. Third Avenue. .. Tide Water Oil. . Timken Bearing 37 Tobacco Prod... 49% Tobacco Prod A. T8% Tobacco Pro pf.. 107% Tol St L&W pf.. 57% Trans Cont Oll. 5% TwinCR Tran. 70% Underwoodrts.. % Union Bag & P.. 65 41%, 554 . Received by Private Wire Direct to The Star Office High. 6% 4% 5% 85 98 28% 12% 3% 11% 38% 20% 21% 76% 6 25% 12% 82 81 66 65 104% 77 20 43% 684 21 115% 20 46% 18 19% 41% 30 b56% 2 9% 5% 10% 2% 108% 7 34 16% 2T 8% 23% 93% 1% 43 42% 94 87 34% 85% 14% 50% 32% 116% 105 54 80% 62% 102% 116 8% 3% 1% 9% 42% 58 19% 10% 11 101% 374 49% 8% 107% 5% 5% 0% 1 65 i 4| | ¢ 112% | 3% | l NEW LOW RECORDS IN BOND MARKET Reaction Extends Through Whole List—Very Little New Buying Noted. BY GEORGE T. HUGHES. Special Dispateh to The Star. NEW YORK, June 2 In some cases new low recards were made for lthe year on the bond market today. The reaction extended practically throughout the entire list. High- grade legal raiiroad bonds were quiet, but even here there were plenty of bonds offered just above the market and there was no cagerness to buy. United States government issues, especially the ol 4% Liberties, re- acted with the rekt. It was in the second-grade and speculative rails, however, that the greatest weakness oceurred. St. Louis, San Francisco adjustment 6s, which lost over three points yesterday, con- tinued their decline today, selling at about the low of the yvear to date on an ¥.65 per cent basis. The improvement in‘the St. Louis Francisco’s earnings, and the fact that interest has always been earned and pald on this bond gince issued, have given it an Investment rating, | but at today’s quotation it gave & re- | turn ordinarily afforded by only speculative bonds. Phe same road’s income 6s were also heavy, but still well above the low of theé year. A six-dollar interest payment comes off the price of this bond on’October 1, next. Rallrond Bonds Drop., Chesapeake and Ohio Convertible 5s, Seaboard Air Line Consolidated 6s, Erie General 4s, Denver and Rio ande Refunding 5s, Missouri Pa- c General 4s and Sf. Paul Refund- ing 4%s all'went lower. It was no- ticeable that even short-term lssues were affected. or ins ce, Baltimore nd Ohfo 6s of 1929 sold below par and at the low of the year. It is hard to explain this selling of railroad bonds except as part of a general market ndftion. The se- curity is just as good as it was six months ago when they were selling many points higher. Meanwhile the roads have carrying u record-breaking with increased gross earnings, much of which has been saved for net. It anything, continued interest pay- ments on these speculative and semi- speculative raflroad bonds are better assured now than in January and February last. The political outlook is certainly not encouraging and there are increasing labor costs to be reckoned with. but the financial con- ditlon is greatly improved. Investors, however, were racted by today's low pric decline has gone just far enough to persuade the potential buyer that it may go farther and not far enough to persuade him that present quota- tions repre t barg. Foreign bonds we:! noticeably sues went_lower, been traftic not at- but attracted some support. Bolivia §s lost fractionally and Czechoslovak 85 sold at their re- ow. NEW YORK EGG PRICES W YORK receipts, | sathered Whites. nearby od, ex- 9; state, nearby and nearby Western henuery ‘whites, firsts to ex- { tras, DROPS WRIT ACTION. NEW YORK, June Application for a writ of mandamus compelling | the New York Curbh Exch inscite Benjamin Alexan recentiy expelled from the cXchange, was withdrawn in the supreme court to- day. No explanation was offered. BOSTON STOCK MARKE BOSTO list of today ing_prices for the dealt in here: . lowest and clo: me ctive ! Arcadian Cons ... Arizona Com . Boston & Albany . Boston , Franklin new Hood Rubber Int Port Cement. { Island Creek . isle Koyale Mass Gas .o.. Mayflower 0 € . Mohawk New Cornelin North Butte . Quinecy < | Shoe Mach Shoe Mach pid i 3 The | nge to re- | ON NEW YORK (Fractions Example: Lib 3%s Lib 1st 4%s. . Lib 2d 4% Lib3d 4% Lib 4th 4%s..1205 TS4%s1952. 227 101-1 214 121 . 803 represent me . 910 eans Saten, FEN: 7, 1923 7% BON DS o o] Received by Private Wire D|r¢¢t to The Star Ofice. g “(Sales are in $1,000.) E UNITED STATES BONDS. thirty - seconds. 101 1-32.) Tow. Close. 100-23 100-19 100-21 98-8 98-6 98-17 98-8 99-23 FOREIGN. Argentine 7s Austria Ts w | Belgium 7% Belgium 6; Belgium 8s. Bern 8s Bolivia 8s. Bordeaux 6s. Canada 58 1931. Canada 53 1952. Chile 35 1946 Chile 8s1941... Chine: Copenhagen 5% Cubab%swi. Czechoslovakia 83, Denmark Denmark 6: Irench Govt 7%8. Japanese 1st 4 %s. Japanese 4 Jergen UM Lyons és. Montevideo 78 etherlands 6 orway 8 orwav 6s. Orient Dev deb Paris-Ly’s-Med 68 Frague 7% Queensland 7s. Rio de Jan 851948 Rio de Jan $s 1947 Rio Gr Do Sul 8s.. €ao Paulo.City.8s Sao Paulo.State,! eine. Dept of, 7 Soissons 6s. . Sweden 6s. Swiss Confe ‘Tokio bs.... | Ud Kingm 5% 29 Ud Kingm §%s 37 Uruguay 8s. Am Cotton Oil 5. Am SmIt&R 1st 5. AmT& Tev6s.. AmT& T cl tr 5 |Am T & Teltr4s Anaconda cv db Anaconda 1st 6s. Armour & Co 43%s | Atiantic Refin 5: Barnsdall s f 8s Beth Steel 514 Beth Steel s 65 Cerro de Pasco 8s. Consum Pow 58" Dery (D G) 7sa. Det Edison ref 6s.. | Diamon 1 Du Pontde N Tigs. E,Cuba Sug Tis. . Empire F&G 7%s8, Fisk Rubber Ss. Goodrich 638 Goodyear 8s 1931. Goudyear £s 1941. Humble O&R 5%s Indiana Steel 5s. Int Mer Marine 63, Keliy-Spring 8s Ligg=tt & Myers T. Lorillard (P) 5s Lorillard (P) 7s Magma Cop cv Ts Martand Oil 8s°31. { Mexicin Petrol 8s. | Mich St Tel 1st 5s. Midvale Steel 5s. {New Eng Tel & % | N Y Tel 4% 3 128 86% 108% 31% 78 162% 91, 30% 73 201 2% 16% 44 91% 9915 39 95% 22 90% u7% 49 58% 14% 26% 6% 3% 17 54 16% 814 27% 16% 13% 38 41 87 9% 18% 16% 55 129% 8615 105% 319 8 162% 9% 30% 3 -20% 2% 16% 44 91% 99% 40% 953 22 90% 17% 49 58% 15 26% 6% 3% 17 54 16% 8% 2% 16 13% 38 41 87 9% 18% ll 105 30% 7h 12 25% ! 5% Un Tank Car. Un Tank Crpf.. Un Alloy Steel. . Tnited Drug. United Fruit. United Ry Inv Utd Ry Inv pf Utd Retail Strs. U S Cast I Pip U S Food Prod.. U S Hoffman M U S Indus Alco. U S Realty U S Realty pf. U S Rubber. U S Rub Ist pf.. USSmeltaRef. U S Steel. U S Steel pf - U S Tobacco Utah Copper. Utah Securities. Vanadium Corp. Va-Car Chem. .. Va-C Chem (B). Va-C Chem pt. .. VaIr Coal & C.. Vivadou. Wabash. . Wabash pf (A) . Waldorf (new). Web & Hellbrn. Wells-Fr Exp. .. West Penn Co. . ‘West Penn pf estern Md estern'Md. 2d. West Paclfic. ‘West Pac pf Western Unfon. West Alr Brke. . Westhse E1&M. Wheeling&L E. Wheel & LE pf. White Eag Oil. . 25% White Motor. 47 White Oil. o A 7% 22% 6 62% 27 230 27% % 49 60% 16 3% 54 8% 29% 18 18% 38 - 41" 87 10% 18% 16 55% 105 80% 54% % 13 Wilson Co. .. ‘Willys-Overld. . Willys-Overl pf. | Wisconsin Cent. Woolworth. ‘Worthington. Wright Aero. . 60% 27 228% 2% 24% LO% 9n High. Low. Last, Call Money....., 6% 5% b% HOURLY SALES OF STOCKS. .212100 12m. +712200° 2 p.m. 60% 27 229 N Am Edison 6i N States Pow 5s. Otis Steel 8s. - Pierce-Arrow §s Public Service 5 Punta Alegre 7s. Sharon Stl H 8, Sinclair Ofl 7s Sin Crude Oil 5% §in Crude Oil 6s Sin Pipe Line s South Bell Tel & St Oil of Calif 7s.. Steel & Tube 7s... Tenn Elec Pow 6s. Tide Wat Oil 6%s ‘Toledo Edn 1st, 7. Canada 5t%s 1939, . ceee lll Halti 6s ctfs. - Japanese 2d 4%4.. 14 Queensland és... . MISCELLANEOUS. Ajax Rubber 8s... Am Agr Chem 7l%s 23 Am.Chain s f 6533 11 Amer Smelting 6s. Am Sugar Ref 6s.. Bell Tel Pa 58 rets. Bklyn Ed gen 5s. . Bush T Bldg 55'60. 4 Central Leather 53 12 Chile Copper 6s. .. Con Coal Md 1st 58 Cuban-Am Sug 8s. Cuba Cane cv d §s. 26 Tiins Bell Tel Ist 5s. Northwst B Tel 7s. Sales. High. 101% a1 101% 98% 102% 109% BT% 79% 82% 96% 101% 100% 28 101% 6 100% 99 J101% 8 101% 46% a1 99% 94 109% 96% 9% 96 . 95% 89 99% 94% 931 92% 92% 81% 83 9% 9% 54% 34 86% 48 100% .1 110% 12 97% 63 \95 18 z 33 10 a3 2 33 56 6 24 70 12 2 27 Serbs Crotes Slo 83 36 23 8 2 4 6 144 1 95 32 89 2 4 90 72 7 w8 11 24 16 {Beth Steel pm 5s.. 2 1 Brier HSt1st5%s 1 ' | Bklyn Edison 7s D 15 5 15 48 6 21 6 14 13 d Mth 7148 12 10 Duquesne Light 65 8 10 31 Gen Elec Jeb 5s... 50 110 Int Paper 1st 5s B. P & Lt 5s A '52 Lackawa S 55 '50. . s | Manati Sug sf 7148 { Marland Ol 8s w . . 3: Nontana Power 53 5 7 | Morris&Co 1st 43 6 6 . b6 N Y Edsn Ist 634s. {NYG EL'H&P 4s.. | |NY Tel6s'4l..... N Y Tel 65°49. . 10 10 16 .52 i n 14 Pacific Gas & El5s 10 PacT & T 68'52... PhilaCoret6sA.. 4 4 12 4 48 Sacks & Cosf7s.. Sinclair Oil 6148 wi. 74 31 12 68 7 So Por RicoSug s 4 24 7 6 16 1 Union Bag & P6s. 5 Unit Drug cv 8: U S Rub 1st rf 5 11 .14 USSteelsfbs.... 70 Utah Pow & Lt 5s. 13 Vertientes Sugar 78 1 Va-Car Chem 7s. Va-Car Chm 7%s v 43 Wickwire Spen Wilson & Co.1st 68 ll Wilson&C cv 74 s ‘Wilson & Cocv Winchester A 7%s’ ——— DIVIDENDS. Pe- Company. riod. Aetra Mills ... s-a Atins Powder pf. Atchison Am Ice Am Ice pi Am Can Assoc Dg g st (% D&k 5 | Ald (mem & Dye Uan Fair-Mor pf.. «Canadian_Sait .. Cosmop State Bk Dwight _ Mfg. Eater-¥wel Corp Estes-Wel Cor pt Fajardo § |1l Central ..... 1 1l Central pf... Nat En-Stampin Peo Nat Bk of Peo Nt B of B Sup 8 Cor 1st pf Sup 8 Cor 2d pf Buw Smith Paper How Smith P pt Ven Cons Oil F Western Pow pf The Duke of Connaught is the = 4 5 A ey Jul AR R /R QAR AR 2 % & it oo st o CREFEERR 3 R RE Aug A Jul 98-2 98 98-18 98-1' 99-20 99-20 July 1 July- 25 - Aug. 18 Aug: 1 Bept. 1 Sept. 1 Aug. 1 Suly 15 July 3 July 1 July 2 July 1 July 1 Avg. 1 July 10 July 10 Aug. 20 Bept. 1 Sent. 1 98-2 98-2 98-14 98-2 Low. Close. lom 101% 90% 90% 101" 101 95% 96 101 101 109% 109% 86% 864 % 1% 82% 82% 96 * 96 101 101 100% 100% 101% 101% 100% 100% 98% 98% 100% 100% 101% 101% 46% 46% 920 90 9% 99% 92% 93% 109% 109% 96% 56% 91% 91% 95% 95% 94% 94% 89 98 98 93% 94 92% 93% 92% 92% 924 924 80% 80% 824 82% kg 7 1% TT% 53%. 53% 31% 3% 861 100% 1 110% 97% 92 74% 7% 106 100% 93% 92 95% 9% 99 $5% 1% 81 105% 115 76 113% 102% 103 115% 97% 106% 121 108 997 8615 95% 8% 98 96 109% 815 103% & 1051 93 Sl £9% 107% 99 907% 90% mom szu 108% 100% 99 97 94 97 97 8% 94 9814 104 101% 9% 102% 106% 95% 111% 86% 101% 8% 97 75 54% 22 “95% 95% 861 104% Pas- Stock of able.. Record. 1oy R g uly 2 pt. 1 July 27 ly 25 July 6 July 6 July 31 July 14 30 1 July 1 . 15 ¥ 15 ly 20 July 20 Ang. 1 s 15 rand master of the United Grand Lodge of "l Free Masons In England. s | Market St cn 58 ‘January, RAILROADS. . Bales. Hiizh. Low. Close. Atchison gen 4s... 28 Atchison adj 4s... 40 Atlantic C L 1st 4s 16 B&O prin3ys. O gold 4s. Oés.... Ocv4 Oret l‘:. .o 9 18 43 O SW aiv 3%s. B & O Toledo 4s. Bkl RT 7821 ct. Canadian North 1s Canad Pac deb 4s.. Car Clinch & O 65 Céntral Pacific 4s. Ches & Ohlo cv 5 Chl & Alton 3% Chi B&Q gn 4s Chi B&Q 1st rt Chi & E 11 gn & Chi Great West 4x. C M & Puget Sd'4s. Chi'M&S Prf 43 Chi M&St P cv 5s.. Chi M&St P 4 2. Chi M&S P cv Chi M&SE P 4534, Chi& NW 6%4s Chi&NW7s. Chi Rys 6s. Chi R1& Pa Chi Un Sta 4%s Chi Un Sta 6%s. Chi & W Ind cn 4 Chi & W Ind Tls.. CCC&StLrfésA.. Cleve Term 6%s. .. Colo & Sou 4%s CubaRR 58 Del & Hd 1st rf 4 Del & Hudson 5%s Den&Rio G con 4 D & R G 1st rf 51 Det United 4% Erie 1st con 4 Erfe con ext 7s Erie gen 4 Erfe conv4s A.. Erfe conv 4s D. Gr Trunk st db Grand Trunk Gr North gen 7 Gr North gen 5%a. +|Green B& W db B. Hud & Man ref 6s. Hud & Man af 5s.." 36 111 Cent ref 55 '55.. 26 111 Central ref 4; 4 111 Central 5% & Int Rap Tran 5s... 23 Int Rap Tr s stpd. 10 Int R Transit7s... 2 Inf & G Nor aj 6s..264 Int & Gt N 1st 6s.. 107 Kan City Ft 8 4 2 Kansas City S 3s. Kansas City S 5s Kan City Term 4 Lake Shore 4s '31. Lehigh Valley 6s.. Louis & N uni 4 Mil EI Ry & L 5 M&StL1strfds., M StP & SSM 63%s. ° 1 MK & T1stds.... 53 4 9 3 4 2 4 5 T W IMK&TprinssA 55 MRE&T4sB. MK&T6sC. MK & T adj 5 Mo Pacific 6s. Mo Pacific gn 4s... Montr] Tm 1st Nassau E Ry 48 ' DA New Or Term 4s. N O Tex & M in 5: Y Cent gen 31 N ¥ Centdeb és N Y Cent deb 4s. N Y Centris: N Y CenLSel 3is. New Haven cd 6s. New Haven 7s. New Haven 7s fr NY State Ry 4% NY W & Bos 414 Norfolk & W cn 4s Norfolk & W cv 6s Northern Pac 3 . Northern Pac 4s... Northn Pacr 1 6s.. Northern Pac 5s. Northrn Pe 5s ret. { O Shiort L cn 5s '46. Cre Short Liref 4 Ore-Wash 1st rf 43 | Pennsyl gen 6s. Pennsyl gen 43%s.. Pennsyl 6% Pennsyl gol Peoria & E inc 4s. Pere Marq 1st 5s.. RIATK & L 4345 StLIM&S 4s'29. StL&SFplisA. StL&SFprinbs. StL &S Finc 6s.. 195 StL&SF6%sD.. 5 StL&S Fadj 6s StL&SFpl6sC.. San A& ArnP4s.. 9 Seab’d A Liref 4s 18 s 87 T9% 85% 95% 1% 86 9% 85% 95% kil 100% 100% 8% 82 . 3% .N'« 68 113, 8% 96% 84° 87% 87% 82% 53 30% 85% 98% 9% 48% - 62% 584 65% 80% 65 73% 107% 108 78% " 76% 90 11874 70%, 102% 1013 103 81% 8% 85% 99% 3% 50%% 85", 57 103 46 49% ° 5214 104 112% 108% ss‘s 'lfl’h 57 9834 85% 8 101% 62% 6114 B7% 4015, 8915 5 65% B3, 82 917 102% 88% 92% 3t 35% 103% 74 % 63 . 94% 51 93% 54% 88t 58% Ta 77 73% 1037, 88 951 1% 123 5 - Seab'd A Ladjbs.. 21 Seab'd A L con Sou Pacific cv 4 Séu Pacific ref 4 Sou Pacific clt 4s. . Southern Ry 1st 58 Southern Ry gn 4s Southern Ry 6% Sou Ry Mobile 4s. . ‘Third Ave ref 4 Third Ave adj bs. Union Paci1st4s. .. Union Pac 1st rf 48 Unlon Fac cv 4 Union Pac cv 6 Virginia Ry 1 VaRy & P 1st 58 ‘Wabash 1st 5 Wabash 2d 6s. Western Md 43’ ‘Western Pacific 6s West Shore 1st 4s. TOTAL SALES (Par Value): 1lam.. 2832000 12noon. 4 435000 2p.m.. 8386000 - 1p.m.. 6820000 100% 75, 55 50% 9% 827 95 104% 9474 B4y 95% 84 604 9% % 7% 81% 3% 94 64 88 112% 78% 926 84 87 86 82% 62% 20% 86% 9% ‘79 48 61% 5% (3 80 634 1 18% 107% 108 76% 6% 90 113% 0% 102% 100% 102% 81% 8 85% 98 73 49 85 . 56% 103 45 478 51% 108% 112% 108% 9% 7% 78 ° 56 o8 5% fo1 81% 6014 M4 37 88 %5 65% R4y 794 91% 102 87 79% 86% 95% 7 100% % Bl% 73% 944 64 88 - 96 84 - 86 53 88" 924 £315 35 5% 62 944 50 83 88% 58 74, i 2% 103% 88 9415 1% 611 63 62 60 39 874 108% " 591 8214 106% 931y 941, 103%; 9115 79" 98y 883 108 107%” 95% 22% 94% 68 84 ki3 85% 661 £0ig 64 89 7014 9814 728 434 294% 631 0% £ 80% 94% 67 100% 5 55° 45 91 828 94% 1041 9474 841 95% 84 6014 9% 7% — FOREIGN EXCHANGE. June 27!+ 192 (Quotations furnished by W. B. Hibbs & Co.) Nominal London, pound Montreal, dollar Paris. frane Brussels, fran Rerlin, mark .. drachma . peseta . Athens, Madrld, By the Associated Press. NEW YORK, June 27.—Foreign ex- | irregular. (in United States dollars): Britain, "demand, 4.60%; cables, 4.60% 60-day bills on banks, 4.58%. France, .0614%; cables, .0615. cables, gium, demand, .0522%: changes clos demand, demand, .0448%; Germany, demand, cables, L1651, mark, demand, demand, .1780. Greece, demand, mand, .000009%; mand, .0299. .3562." Brazi treal, 97 .3922%. DENIES WANTING ISLAND. LOS ANGELES, June L. Doheny. head of the Pan-American petroleum interests, today denied re- ports that he was a prospective pur- Sweden, demand, 1787, L0318, Kol yalue, chaser of Santa Cruz Santa Barbara, Calif. Quuuuum 0449, cables, ~0000073% ; .000007%. -Holland, 'demand, Norway, .2649! Switzerlafid Spain, demand, Polan Caechoslovakis. - de- Argentina, demand, demand; ..1087. Mon- 27.—Edward Island, S e T ¥ATE COTTON PRICES. NEW ORLEANS, June 27.—Cotton futures closed steady at net !10!' of 32 to 48 points. Close (range)--July, Decemba 23.27; March, 23.18—20. ber, 23.80—84: gireatl Ttaly, . Bel- .0523. cables, .3919%; demand, 521 £3 Selling checks De; “'l degnne. Octo 23,37—40; 10!!0 | Carolina, | nomina, off hog values. i \\HE \T— Oy Ay L e i) R Soms 1% 1 1058 14 83! LM Septembe 3 &3 Ay entember 111 ‘ 71 December i 9L 38T, :l':'o " LARD—, . o .85 1085 1080 1082 07 1110 | 1102 - 1107 Sflvlember, .22 925" 91t 9.20. . Market Flashes Gram, Prodiuce and y. Live Stock LOCAL, WHOLESALE ‘MARKET. | Butter prices have experlenced: no material change ths past few days. Up % cent one day, and,dewn about the same amount -another- was do slighit a ‘fluctuation that the market was not much affected. FEg prices Havé-advanced a cent or two this week. -The advance made the market much firmer. The strawberry season s fast draw- ing to a close. Other -berries are taking their ,place; however, and prices are reperted as being fairly reasonable, . Eggs—Strictly _fresh, ‘selected, can- dled, per dozen, 26; average recefpts, 24; southern, 24, Live poultiy—Roosters,: per 1b., 12; turkeys, per lb. 26 spring ehick- £ns, per 1b., 50855 keits, young, each,\ 0; fowls, pet Ib., 24. Dressed poultry — Fresh - Killed spiing chickens, per Ib., 55a65; win- ter chickens, .per Ib., hen!, Ib. 28 roosters, per ib.. 15, 35a40; Keats, per’, .; turkeys, young, each, Live stock--Calves, choice, per. 1b., 10; medium, per ‘1b., 9a8%; thin, per Ib., 6a7.. Lambs, spring; per Ib., 14; 1{-," pigs, 3.0025.00 each; live hogs, pér Green fruits—Apples, pér bbl, 4.00 @9.00. Californti oranges, per crate, 5.0086.50; Florida, 5.50a7.00. Lemons, per box, §.00a11.00.” Grapefruit, 4.005.00. Blackberries ; 6a20. ' Peaches, 1, 13042.00; per sack, 2.00a2.76: new potatoes,’ per bbl., Ne. 1, 4.00a5.50; Nb. 2; 1.00a2.50;. sweet potatoes, North 2.50a3.00; nearby, 1.00a3.00. per ‘crate, mearby, 1.00a2.00; ork, 2.50a3.00. Romaine lettuce, rate, 75a150. Cubbage, nearby, per bbl. Eggplant, pet crate, A .~ Tomatges, per box, Florida, 2.0026.00. Beans, 1.50a3.50 per barrel: Peas, 2.00a3.50 por bisket. Peppers, pet crate, Florid. 2.50a5.00. Kale, per barrei, 75t Spinach, per barrel, 1.00a2.00. Celery, per crate, Florida, 2.0026:00. - Squash, ~ 1,0082.50." * Florida lima bearis, 4.007.00 per basket. As- paragus, 1.00a4.00. GRAIN AND PROVISIONS. BALTIMORE, - Md.| June 27 (Spe- cial).—Potatoes, new, barrel. 2.00a 65.00; old, 100 pounds,.7541.50; 450 pounds, 1.25a2.50! ausparagus, ‘dozen. Do0aa a0~ besnm o bushel, 50al. beets, 100, 4.00a6.00% cabbage, basket.: 1.00a1.25; ‘carrots, 100,” 4.00a6.00; corn, crate; 1.50a3.00; cucumber: 5al.50;* eggplants, lettuce, bushel, 50475; ‘onions, 100 pounds. 100, * 1,25ai.5¢ spging onion bushel, 3.00a3.00; squlu’l basket, ua 40; peppers, crate, 2.00a3.50; radishes, 10, 2.00a3.00; spinach, bushel, 1.00g 1.50; tomatoes, crate. 1.75a4.50; black: berries, quart, 13al8; gantaloupes, crate, 1.40a4.75; ‘cherrieg, pound, 6a. 20; grapefruit, box, 2.50a4.00; goose- berrles, pound. 648; huckleberries, quart, 25a30; oranges. box, 4.00a7:00; peaches, crate,. 1.50a3.00; pineapples, |ctate, 3.00a4.00; raspberrles, quart, 8a10:" strawberries, quart, 10a20 watermelons, éach, 20a70. - Selling Prices at 12115, Wheat—No. I* fed "winter, spot, no quotations; No. *2 réd -winter, spot, 1.14%% No. 3 red winter, spot, no quotations; No. 2’ red. winter, gar- licky,, no quotation, 0. 3 red win- ter,” garlicky, spot, no quotations June wheat, no quotations. Lettuc, crate, and 1.10 per bu. Corn—Cob, new, 475 per_bbl; con- itract, spot. 923z per bin:.No. 2 corn, 8314 No. 4, no quotations: tfack corn. vellow, No.2 or better, 1.02 per,bu, Sales—None. . Oats—White, No. 2, . 52 per bu. ve—Nearby, 70a75 per Bul: No. 2, western export, spot, 74; No.3, no quo- | tations. Hay—Recelpts, 24 {ond:" for better scription’of timothy dnd light-mixed: ay there is a steady demand’ right along at a range of 13.00 0-20.00 per ton. " The percintage of good hay on dafiy receipts is not largs. Medium and low grades are in full suppiy at regular prices. . Straw—No. 1 tangled rye, 1 No. 1 wheat, 12.50a13.00 14.00215.00. ! TODAY'S THICAGO PRICES. CHICAGO, June 27.—With Harvest ‘weather less . favorable and with Liverpool quotations- comparativel. unresponsive to yesterday's sharp de- ‘cline here, wheat today averaged in “price ' during the ‘early g Raips *were reported over mych of the winter crop belt and it vas assumeéd that this circumstance would interfere with cutting and threshing. Besides, only moderate kedging sales were noted in the first part of. the day. Opening prices, which varied from unchanged figures:| to 3% lower, with September 102 to 1.02% and Degember 1,053 to 1.0514, were follpwed by a- slight gencral setback and then by -a Flse to well ahove yesterday's finish.. Corn and oats swayed with wheat. After.opening unchanged to half cent lower, September 79 to 1934, the corn market descended a little' more and then rallied to aboyt sesterday's, final figures. Oats started at 1 dechine to'a’ like advance, September, 37% to 373, and Xkept “Within a narrow range. Provisions were weak in line ‘ilh 52% pen bu.; No. at Today’s Close "The New. York “otlon _Exchangé an- nounced today it would adjourn busi- ness at noon Friday. July 20, and re- main closed until Monddy mornfng, July 23. when it would reopen in its new hoard rooms ih the cotton ex- change building. i Crude oil produmlon in. the United States last: month was 1,998,274 bar- rels daily. highest on' record. crease, £1,007 daily, over Apnil, In- At a meeting of the exétutive com- mittee of Continental Can Company it was voted to recommend to direc- tors that regular quarterly dividend of $1 a share on common stock be declared August 16 on stock 'of record Previous rate, | August 4. $3 per | nmum. International Paper - has declared regular $1.50° quarterly dividend. Regular dividend deolared on Penn- sylvania railroad and. regular’Indi- ana. Pipe Line dividend declared. Commercial Sdlvents preferred divi- dend of 2 per cent fer period ended June 30, payable July J,"was declared toda; preferred Notices h.‘ve‘ been woued ln sothe of the Delaware, Lackawanna and Western shops announcing Increases of-3 cents an hour in the pay of.all shop employes for the system, effec- tive July L. 2] New York bank clearings, '572.000 .000. New York bank batancee, 368, 000.000. , Boston bamk. clearings,. 362 000,000. ' New York Federal Ress ‘Bank credits, $56,000,000.. " LIVERPOOL GO'lTON LIVERPOOL, June 21.—Cotton spot quiet; Good middnm' 16.53; fully middling, 16.43; rhiddling, 16.28; low middiing, 16.03; pary. 16.53; ordinary 1523 Sales, 5,000 bales, 'lneluding’ 2,900 Americin. 400 bales, mo American Fatures, closed auidt and ~steady: | q a5, 1554 De AT - 13007 1288 rices ste: 0od ordf- | Receipts, ’nn L . . 'FINANCIAL, - ¥ 5 ing privilexe, Sales—Bag lots of new nearby at 1.07 " PUSH PLANS TOAD BANK INSTITUTE Bankers Unite to Boost Locat - Ch_apten—Tra_dmg Quiet on Exchange—Notes. Plans for the most.far-reaching and . instriictive campaigh yet undertaken by the Washington Chapter, American Inistitute of Banking, will assuue definiteness Friday, when the various hanks In the eity will each ng “ mémber :of their persorinel as “con- sul” of the chapter representing tia respective bank. ‘Their dutles, us such, will besto keeb their employing Institution in the clbsest possible touch with the -banking school, pro- mote membership in fhe body, secura bétter “attendance; in fact, 3id the American Instituté of Banking in every, possible way. 2= : This tep marks the first official a v of the institute’s new president:James €. Dulin, jr. who - appreciates the great benefits bejng derived by s schooling and visualizes exen greater possibitities. Jts membership I8 grow - ing steadily year by year, and at the present time a great majority of junior bank officers, us well as many Benlor officers in Washington's lead- ing banks, are graduates of the chup- ter. ‘Tororrow. the cliapter delegates to the annual convention. to be held i Cleveland the- first ,of. next monti, will get. together and receive fin:i instructions for the trip. New Reserve Board Raling. The Federal -Reserve Board withdrawn the right it gave to m ber banks of the reserve system. in 1921, to act as agents in Fediscounting for non-member banks, it Was stated at the Treasury last night. The hoard furthér anpounced that “hereafter this_privilege shall be allowed oniz upon application.of the non-member bank concerned, and the approsal thereof by the 'Federal - Reserio e reason was asgignad in the official statement for the reve. tjon of the privilége indirectly oorded non-member banks. individual members of the board mdicated that the; felt the need for extensioh of the privilege no longer existed. Noi- member banks, they said, are now In a position to cope with demands made upon them without recourse régliscounting through memb he stringency existing which was the. direct basix board’s extension of the red continued a on many smaller banks for mohnths after general business be to revive, but, according to bourd .records, the arrangement has beon little uséd in the last few monthe Bond Issue Practically Cloxed. . The fssue of $4.000.000 Potom Eleqtric Power 6 per cent thirts- bonds, Roated on April 1, 1923, National City Company in_conjune tion with Harris, Forbes & Co. practically closed. only a few th sands representing the unsubscril portion. in for % cbunt- strain Treanury Tnnues Call. The Treasury Department has se ed. notice.on local member banks the Federal Reserve System to pay ifto’ their regional members tomo<- row. 20 per’cent of the outstar proceeds of tqe May 15 sale of Tr ury_certificates. The' call will constitute a drain £48.902,800 on the Banks of the cour try. Tax Blanks Being' Malled. The 1924 °federal capital stock tax returns blanks are being mailed to all_corperations of record by Galen L. Talt, collector of [nteinal revenug. “Every corporation’ must filo a r turh ‘with the collector of interna revenue at Baltimore on or before July 31, 1923. in order to avoid a penalty: ' Check or money order for the amounteof the tax as disclosed by -the return should accompany the return, when filed. ¥wom the to faif average value of the cap stock the sum of §5.000 is deductibla and the tax is at the, rate of §$1 for each full’ $1.000 of any,balance Market Company -Dividend. _Added to the list of Washing! concerns making dividend disbur ‘menta this month Is the Washin- ton: Market Company, which will. Jurie 30, pay out $30,000 In ke annual dividends to stockholders « record ag of June 28. New Virginia Bank. The Potomac Trust Compan: Potomac, ArMngton county,. Va the latest to joln the ranks of nei borhood ban The charter for the institution granited two weeks ago: and provi. for a maximum dapitalization of § 000 .and & minimum of $25,0 stock is ‘of a par value of $20, ing for $25, the difererce being placed to the surplus,account. 1t will t operations whh the minimum ca Quict Day on Exehange. Trading on the Waship Exchange continues listless. morning’s session restricted to the lchanged prijces. \ 65, heretofore highly, sold to the extent of $2,000 at d Capital Traction 5s. aggregating $1.- 000 face value, sold at 9615, O _the. stock list,” Raliway terred, sold .at 72%.° Lanston at Riggs sold at 650 and Washington L and Trust at 350. NORFOLK & WESTERN DIVIDENDS DECLARED By the Assecinted Press ’ In this transactions wers minimum. at un- dman Park Hotel inactive, pre= PHILADELPHIA. June I | Norfolk and Western* Raiiroad Com= pany vesterday declared a dividend of $1 per share on adjustment pre- ferred stock, pavable August 15 to stockholders of record July 31. Dec- laratiod was alvo wmde of a regular quafterly dividend on common s of $1.75 per. share.. payable Septem< ber 19+ to stockholders record August.31. . 3 " OOAL MOVEMENT SLOW. RFOLK, Va..-June 27.+The coal buslness at.Hampton Roads has jus passed through .the’ dullest week of the year, both ag to volume of dump- ings and prices. The week's dun ings over the threé piers have b 224,949 tons.. Prices have been do to their botfom. at $1.50 for pool the-Navy standard. with pool 2 ra ing 15 Lo oen a ton under t figure, and “pool 15, high volatils dollar below pool, 1. These pr were tio b pibra. - —_— .SHORT-TERM SECURITIES (Quullllonl furalshed by Kedmand & Co.) of gk s uminum Co. of Amer. ‘American Cotfon Ol fis 1924, n Sugar Os 1937 Tel:: & Tel. L & Tel Anaconda + Coj % A erican 01l T3gm. i et o B 103 smadian Nor Central Argentine Rwy. i Central, Leather 5o, 1023 1933, 1008 - o0 fi“‘;‘:" ‘Oil Bigs, . i h;’\ru- &us ’T-rw Enneco 1l & l4||vb¥ Ts 1931, o Yo 5 M. 8ls, 1931 Mot £, 1930. Yohna. . B, 7o 1u0; 8t. Paul Union Dépot & & Roebuck & Co. 18 1923 ndard 01l of GAlf. s, 1931 1930.