Evening Star Newspaper, June 30, 1923, Page 14

Page views left: 0

You have reached the hourly page view limit. Unlock higher limit to our entire archive!

Subscribers enjoy higher page view limit, downloads, and exclusive features.

Text content (automatically generated)

14 23 MORE STOCKS SCOAENEW LOWS U. S. Steel at 90—Losses of Five Points—Market Clos- ing Is Heavy. Tir the Associated Press. W YORK, June 30.—While some fmprovement occurred in prices of a few shares in today's stock market. notably United States Alcohol, Da- vison Chemical, Du Pont and Pro- ducers and Reflners, the main dency continued downward. i United States Steel was one of twenty-five stocks to establish new low prices for the year, that stock being sold at 90. Others touching new lows included Baldwin, St. Paul preferred, Great Northern preferred, ‘American Telephone, Fisher Body, Pan-American, California Petroleum and Texas Company. Losses ranged from 2 The sing was heavy. proximated 450,000 shares. SLUMP NOT YET ENDED. 2 to 5 points. Sales ap- Baldwin Below 117—Absence of Buying Support. BY STUART Special Dispateh to The . NEW YORK. June 30.—There was no encouragement to be found in the action of the market today that the downward movement was at an end. Selling was not as heavy as on other [ . but absence of support was again painfully evident. Traders did ome covering early in the day, but en the market failed to respond they hegan to offer prices down again, and in the last hour the whole lst Weakened. Baldwin Locomotive broke through 117 for the first time. Studebaker was not helped by the unexpected an- rouncement that xo far from there £ any price cuts the company was advance its schedules, cffective July 1. Rallway Stocks Weak. Railwa s were weak again. New Haven stock broke low for the yvear—accompanying ex- tremely heavy selling of New Haven ¥rench loan of 1925. TUnion TPacific fell sharply and Norfolk and Western was sold in the fear that the 20 per nt wage increase demanded by the miners” woukl lead to another coal strike, How much credence is to be placed in present-day circulative gossip ac- (ompanvine the stock exchange de- cline was shown by an Incident which happened this morning. Only yester- day the street had been listening sympathetically to mysterious tele- xrams proclaiming an impending cut in automobile prices. Today the Studebaker president confirmed the veport that his company. beginning July 1, would advance its prices $20 to $75'a car German Marks Lower. Railway stocks were more sensi- tive than the industrials to such seiing as occurred. Wenkness reap- peared t the same time In the lower grade railway bonds. The decline in sterling was checked but rman marks u new low of 00 to the dollar. This followed ally the latest German bank statement covering the week end- ing June 23, which once more broke all records for paper note expansion. t prices of the day were ched generally just before the end. tudebaker dropped below 99 and Steel common finally was forced through. the 90 level. The close was weak all around still in progre: WEST. ten- | with active selling | -* FINANCIAL. Adams Express. Adv Rumley. Adv Rumley pf. Air Reduction. Ajax Rubber Alaska Juneau Allled Chem . Allis Chalmers Am Agr Chem. . Am Bosch Am Brake Shoe. Am Br Shoe pf Am Can. Am Canpf.... Am Car & Fd; Am Chain (A).. Am Drugglst Am Express Am H & Lea pf Am Tce . Am Internat’l. Am Linseed pf Am Locomotive. Am Loco (new). Am Metals. Am Radiato: . Am Safe Razor. Am Ship Com. Am Smelting Am Smelt pf. . Am Snuff. . Am Steel Fdy Am Sugar Am Sumatra. . Am Tel & Teleg. Am Tobacco. Am Tobac (B). Am Tob pf (n).. Am Water Wks. Am W W 6% pf. Am Waalen..... Am Zine & Lead Am Zinc&Ld pf. Anaconda. . Ann Arbor. . Ann Arbor pf Atchison....... Atian Bir & Atl. Atlan Cst Line. Atlantic Gult Atlantic Ref. . Atlas Powd pf. Baldwin Loco. Balto & Ohio. .. Barnesdall (A). Barnesdall (B). Beechnut Pack. Beth Steel Brit Emp Steel.. Br Em Stl 2d pf. Bklyn Edison Bkiyn Rap Tri BKlyn R T ctfs Bkiyn R war 2d., Burns Bros (A). Burns Bros (B). Buff Reh & Pitts Butte Copper Butte & Super. Caddo Ol Calif Pack. Callf Petrol. Callahan Zinc. Canadian Pac. Case Plow Wks. Case (J 1) pf Central Leath. Cent RR of NJ. . Century Rib Mill Cerro de Pasco Chandler Mot. Chesap & Ohlo. . Ches & O pf wi. Chi & Alton. Chi & Alton pt hi Grt West Chi Great W pt. & St P, Chi Mil &St P p. Chi & Northwn. Chi Pneu Tool. Chi R I & Pac. Chi R I&P6§% pf. Chi R I&P 7% pf Chile Copper Chino Copper . Cluett Peabody. Cocu-Cola. Coco-Cola pf Colo Fuel. .. Colo & South... Columbia Gas. Col Gas (new). Columbn Carbon Columblia Graph Comp Tabulat. . Cons Gas of N Cons Textlle. . FORENTIRE ROUTE Pennsylvania Citizens Would Use Same Designation for One Highway. That an intensive campaign be in- augurated to make each state high- | way In the Keystone state known by | name for the entire length of the| route is one of the recommendations | In a report to Gov. Gifford Pinchot by the citizens' committee on finances appointed by the governor to recom- | mend a fiscal policy for the new state highway department. The committee recommends also that separate names, tnstead of numbers be adopted for highway sections between centers of Population symbolic of the communl- | ties through which the highways pass. A more extensive application of in- formation and direction signs and traffic control markers to the state roads 1s also recommended. In reference to engineering and con- struction policy the committee recom- mends that the department “discon- tinue the policy of calling for bids ex- clusively on cement concrete pave- ment to such an extent as has been the practice where othcr comparable standard high-class types would fit the situation equally as well.” “In cases where detours will result in_great hardship to the traveling public,” says the report, “the pave- ments’ should be constructed for half the width at a time where practicable, and the traffic allowed to use the other half of the roadway. “A more rigld policy should be adopted with respect to olling only half sections of a road at a time. This work should be done in such a manner that one side of the road will always be sufficiently dry so that it will not damage the paint on vehicles trayeling at & normal rate of speed. { Continental A Corn Products Cosden & Co. Crucible Steel. Cuban-Am Sug. Cub Am Sng pf.. {Cuba Cane Sug Cuba Cane S pf Cuban Dom’can. Cuban Dom pf Cuyamel Fruit. Davidson Chem. De Beers. Del & Hudson. i i | D Lack & West. | Detroit Edison Dome Mines. Douglas Corpn Dupont (ED)... Eastman Kodak Elec Stor Bat... Elk Horn Coal { Elkh'n Coal pf | Endicott-Juhn Erle 1st pf. Erie 2d pf K Famous Players Famous Play pf. Fd Mines&S pf.. Fifith Ave Bus. Fisher Body. Fleishman. . Foundation Co Freeport Texas. Gen Am Tk Car. Gen Am Tk pf. Gen Asphalt. Gen Cigar. Gen Electric. Gen Elec spl. Gen Motors. . . Gen Mot 6% deb. Gimbel Bros. . Glidden. Goldwin Corp. Goodrich.. Goodrich pf. Granby Consol Gt Northern pf.. Great Nor Ore... Greene-Canan Guantana Sug. Gulf M & Nor pf. Gulf St Steel Harbishaw Cab. Hayes Wheel. Hendee M{g.". Househ'd Prod Houston Ol Hudson Motors. ‘Nothing has been done to allay the { Hupp Motors dust on the several thousand miles of earth roads. The more important of these roads should be ofled.” The report was drafted for the oitisens’ committes by Willlam H. Connell, formerly chief of the Phila- delphia'bureau of highways, who has been appointed chief deputy state highway commissioner by Gov. Pin- chot and the recommendations made have been approved and adopted by the administration. Mixing His Games. From the Royal Magasine. An experienced goifer, in a fit of eondescension, Invited a novice to a game. The novice, to the golfer's dismay and disgust, plowed up the ground all around the ball at every stroke. The golfer stood it for a while, but after one partioularly viclous dig into the tee, he remarked: “You've revoked. “We're playing golf, novice. replied the golfer, “but you Jul! played a spade where you have played a club. not whist." have shoul Going Too Far. From the 8t. Louls Star. Judge—And what have you got to say on the charge of beating your wife? Prisoner—Your honor, I djn't mind her throwing diwhes at me, but when she made me pick them up and glue . them together. why, I lost my tem- \ per, that's all, -~ Illinois Central Indiahom Inspiration Interb Rap Tr In Ag Chemical. In Ag Chem pf Int Cement. . In Combust B... Int Harvester... Int Harvester pf Int Mer Marine. Int M Marine pf. Int Nickel... Int Nickel pf.... Intl Paper. Invinoible Jond Ka Kans: Kansas C So pf.. Kayser (Julius) Kelly-Spr Tire. . Kelsey Wheel Kenneoott. Keystone Ti Kresge (SS)- Lehigh Valley Lima Locomo. Loews Inc. LoftIne.... Louis & Nash. Mack Truck: Mack Trucks 1st Mack Truck 2d. Macy Co... a Copper. . Mallinson & Co. Maghat El Sup. . MR" StRy... Cent Leath pf. ., . High. Low. Closs 53% 183+ 321 38% 48Y% 8% 96 4 41 10% 184 16% 6% 80 871% % 32% 12% 20% 51% 20% 18% 105% 4% 28% 10% 2% 9% 82% 20 1% 1084 5% 28% 12% 77 37 9% 56% % 17%- 50% 29% 31% 86 82% 4% 212 564 59% 0% 10 86. 5% 7 1% 66 884 18% 804 T0% 104% 864 107% 159% 21% 4% 96 38% 92 18% 39% 138% 66% 41 80 5% 10% 5% 98% 132% 33 65 16% 120 141 140% 102% 34 58% 824 8% 31 38% 4% 29% 84 1 111 0% 10 85 57% % 1% 4% 38 18% 20% 70 104% 86% 107% 1684 21% 4% 96 38 92 184 38% 1324 66% 40% 80, 5% 10% 82% 65 16% 10 861! 5% 6% 14 oo | a8y ! 18% 29% 70 104% 834 107% 168% 21% A% 96 38 92 38% 1 | 'St L Southwn " THE EV. Market StR 2d.. Marland Oil.... Martin-Parry... Mathison Alkili. Maxwell (A). Maxwell (B). Meclntyre Por... Mex Seaboard. . Mex Seabd ctfs. Miam! Copper. . Middle St Of1 Midvale Steel. .. Mo Kan & Tex.. Mo K & Tex pt. . Mo Pacific. ..... Mo Pacific pf. Montg’y Ward. . Moon Motors. . . Mother Lode. 116 98% Nat Biscuit. Natl Enamel. ... Natl Dept Stores tl Lead...... Natl Ry of M 2d. Nevada Copper. NOr Tex & Mex. N Y Alr Brake. . N Y Central NY C&StL 1 ctfs. NYNH&Hartfd. NY O & Westrn. 154 Norfolk South.. 94 Norf & Western. 1024 North Amer.... 19% North Pacific... 65% Nov Scot Steel.. 19% Oklahoma Prod. 1% Orpkeum Circuit 17 Otis Steel. ... % Pacific Develop. % Pac Gas & Elec.. 75 PacificOll...... 33% Packard Motor. 12% Pan-Am Pete... 62% Pan-Am P (B).. b7l Parrish & Bing. 9% Penn Seabd Stl. 8% Penn Coal & Cke 36% Pennsylvania... 42 Pere Marquette. 40% Philadelphia Co 48% Phillips Jones... 59 Phillp Morr! 12% Phillips Pete... 41 Plerce-Arro 6% Plerce Oil. . 2% Plerce Oil pt 81 Pitts Coal...... B9l Pitts Steel pf... 95 Pitts & W Va... 41% Postum Cer pf.. 108% Produc & Ref... 3244 Pub Service 43% Pullman Co. 1% Punta Alegre... 49% T 102 80% 10% 334 10% €9 46% 85 13 404 15 627 45% 17 18% 874 27% 66 2 Y% 16% 14% Ratlway Stl Sp. Rand Mines. ... Raptd Tran Sec. Rap Tran Sec pt Ray Con Copper Reading. . Reading 1st pf.. Remin 2d pf.... Replogle Steel. . Rep It & Steel. . Reynolds Spr... Rey Tobac (B). Royal Dutch. St Joseph Lead.. St L & San Fran St L&San Frpf. StLSouthpf... San Cecll Sug..".- Savage Arms. .. Schulte Stores. . Seaboard Alr L. Seabd A L pt. Sears Roebuck . Seneca Copper. . Shell Tr & Tran. Shell Union Shell Union pt. . Simmons. Stnclair Ofl.. Skelly Ofl.. . Sloss-Sheffield. . South Pacific. .. Southern Rwy. . Southern Ry p?. Spicer Mfg Co. . Spicer Mtg pt Stoil of Calif... 50 Stand Oll of NJ. 32 Steel & Tube pf. 107% Sterling Prod... 51 Stewart-Warnei 76% Strombg Carb.. 60 Studebaker. 99% Submarine Bt 8% Superior Ofl.... 3% Superior Steel. . 25 Sweets Coof A.. 14 Tenn Copper... 8% Texas Company. 41% Tex Gulf Sulph.. 55% Texas & Pacific. 181 Tex&P C&O1l. 10% Third Avenue... 10% Tide Water Oil.. 96 Timken Bearing 864 Tobacco Prod... 47% Tol StL&W pf.. 57 TransCont Oll.. 6% Transue & Will. 30 Underwood. .... 164 164 TUnderw'd(new). 41% 41% Union Pacific. .. 128% 128% Union Pacpt... 18% 724 Un Tank Cr pf.. 108% 1084 Un Alloy Steel. 31% 381% United Fruit. 164 - 164 United Ry Inv.. 8% 8% Utd Ry Invpf... 31% 81K U S Cast I Pipe 21 21 USFood Prod.. 2% 24 USHoffmanM.. 16 16% USIndusAlco.. 40% 42K USRealty...... 90 90% USRubber..... 40% 404 UBSRublstpf.. 944 94 U S Bmelt&Ref.. 22% 224 U 8 Steel. 90% 91 U S Steel pf 117% 116% Utah Copper. Utah Securitie B7% 5% 15% 16% Vanadium Corp. 26 Va-Car Chem % Va-C Chem (B). Va-C Chem pf.. 20 91 5% 9 5% 616 38% 16% 20 27% 28% 167 48% 851 823 63% 12 20 4% 21% 16% 815 264 16 18% 104 Waldort (new). Web & Hellbrn. ‘Western Md.... Westhse EI&M. Wheeling&L B. White Eag Ofl. White Motor. White Ofl 1% 19% 5% 1% 26% 230% 24% % -Overl pf. Wisconsin Cent. Woolworth. . Worthington Wright Aero. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Low. Glose. 22 36% 27 81 87 = 16% 134 éZVo 2% T4 21% 10% 264 B 18 9ty 95 59 5% 80 164 414 1274% 12 108 1% 164 8% 21 2% 16% 42 85% 40% 941 22 90% 174% 564 16% 26% T4 § 4% 214 16% 8% 26 16 18% 10 18% 16% 54 104% 77 52% 7 24% 5% 1% 19% 6 230 24% % HOURLY SALES OF S$TOCKS. - 474200 11am.....107800 12m. CHIOAGO STOCK MARKET, CHICAGO, June 30.—Following s a report of today's sales, high, low and closing quotations at the Chicago Stock Exchange : Sales. - “High. : 100 Armour of Del pt 220 Armour of Il pta 78 10 Common Edison .. 127% 145 Gill Mfg . S 1400 Hupp Motor 18% 110 Mid West Utilties 451 125 Btandard com. 2 8510 Btewart Warner .. 78% 1525 Un Carb & Carbon 524 04 Yellow Mfg B 25835 low Taxl . 00 Total sales, 18,000 MANY BUSINESS STUDENTS. ELPHIA, June 30 (Special). entering — M-ua Univ courses are Into the summer programs of nal institutions here. ty of Pennsylvania has 3,600 The pupils registered for all courses, with and Te dents. eavy percentage taking business ple University slso 'ge number of busimess stu- 30% | 61% | 26% ! ENING STAR, WASHINGTO ISTOCKS STILLKEEP | BOND PRICES WEAK Today’s Two-Hour Session Sees But Few Changes. " Austrian Loan Firm. . BY GEORGE T. HUGHES, Dispateh to The Star. ¥ YORK, June 30.—The bond market during the two hours of trading today presented much the same characteristics which have been evident the last half of the week. High-grade securities were steady, Lut not very active, and speculative ruils fluctuated in.sympathy with stocks. TRere was not much change among the forelgn issues, the new Avstrian loan was firm after the weakness shown on Wednesday and the Mexican bonds held the gains 1ecorded when it was announced that the deposit of bonds would be called for as of July 9. Stocks Wenken Honds. The market for the entire week has hee er the spell of the cpecu- lative mood. No attention has buen ipaid to earnings and very little to the outlook for money rates. For the most part the tendency has been toward lower levels, reflecting the uncertainty which found its orlgin in the sharp decline in stocks. There aleo has been some selling by spec- ulators who needed money to replen- ish imperiled margin accounts and Ly others, especially evident in rail- road bonds, who were informed by the swme fears that brought about the selling of ra‘lroad stocks. The resuit is that second-grade and semi-speculative railroad bonds of the type of St. Louis and San Francisco adjustment 6s, Erle prior lien 4s and Baltimore and Ohio convertible 418 were selling at the end of the week on a yleld basis entirely out of line with the financial improvement of the raliroads in general and of these roads In particular. The Baltimore and Ohio issue, for Instance, is sell- ing on a 7% per cent basis, notwith- standing that the road reported net { income for the first six months of the | year, June partly estimated, cquiva- | lent to an annual rate of 1.6 per cent | for the common stock. Forelgn bonds have suffered in the same way. It Is true that the foreign situation, especially the outlook for un early settlement between France and Germany, is no better, but it is very doubtful if these things influenced the decline in the quotations for foreign ues dealt in on this market. It was rather the spreading of specu- lative timidity. The outstanding ex- ception was the new Austrian 7s. New Issues Total $S2,000,000. In the mid week United States gov- ligations were subject to ure, and the tax exempt 3%s made a lew low for the year, but this tendency was reversed yes- terday and today, and at the same time there was a noticeable firmness in the very high-grade rails and in- ! dustrials. The week's new total of $82,165,000. in federal land bank 4 | tmportant offering. It is not a lit- | tle surprising that these bonds, en- | jtirely tax exempt as they are. are | not rly accumulated by invest- | j ors to whom tax exemption is a mat- | ter of prime importance. The re- turn is certainly higher than that given by first-grade municipals. Tn public utility financing the largest the Consumers’ Power offered on a 6.75 per cent Forelgn financing was repre- sented by a $2000.000 offering of 8 per icent bonds of the state of Ceara, lflrazll. to yleld 8.05 per cent. reached a £45.000,000 the most issues with was ! Ideal Artesian Basin. | HIS term is applled by an officer; | of the hydrographic department ! {of the United States geological sur- !ve_v to the San Luis valley in southern California. Tts length. north and gouth, is about 150 miles, and its greatest width about fifty miles. Al- | though the streams that flow down } {nto it from the bordering mountains disappear as soon as they reach the alluvial slope, there is an abundance of water underground contained in beds of fine sand varying from one foot to twenty feet in thickness, and separated by bede of blue clay from one foot to several hundred feet thick. No less than 3.234 wells already exist lcnnable of irrigating 25,000 acres. A Big Industry. l THE person who buys & cents' worth | of peanuts does not perhaps realize that his purchase is helping to build up one of the largest farm products in this country, now worth more than $15.000,000 annually. - | The thin covering is very like wheat bran and is excellent food for live stock when mixed with other substances. The shells are burned in the factorles as fuel and the ash is used for fertilizer. The vines make fine forage. Those peanuts that are not sold in the market are ground up into but- {ter and into meal, which is used In | the manufacture of confections of various kinds. But oil is the most Lighly prized by-product of the pea- nut. of which a bushel will vield a { gallon. | Higher and Higher. From Tondon Opiaton. Customer — What! _Five hundred pounds for that antique? Why, I Driced it last month and you said D aler—Yes, T know; but the cost of labor and materials has gone up so! The Limit. /1 From the Kansas City Times. « Father—My dear girl, T have ne ob- jection to your sweetheart coming here to see you evenings, but I do object to his taking the morning | papers with him when he leaves. i Road Cuts Routes| {By Twenty Miles To Atlantic City Completion of the road between Mays Landing and Buena oi the short route from Washington, Balti- more and Wilmington to Atlantic City by way of Pennsgrove has per- manently opened that highway to travel, aocording to information re- celved at American Automobile As- soclation headquarters. This will be welcome news to many people as thers is now a splendid road all the way from Pennsgrove, { two-thirds of whioh is asphalt and conorete and the other third a high type of gravel road. ‘ompletion of this_route shortens the distance between Washington and Atiantic Clty by_twenty miles, be. sides enabling the.motorlst to avoid the heavy Mo of Philadelphia. Hourly “"fin service s maintained between Wilmington and Pennsgrove with extra service on Saturdays, Sundays and holidays. | Hait1 63 ctfs. | Holland-Amer 6s. 13 ik { indiana Steel 53 ! Sinclair OH 7 1 US Rubber 74%s. 134.05; {October, 24.02; December, 23.6 D. O, SATURDAY, JUNE 30, 1923. —_— ON NEW YOR Received by (Bales are in $1,000.) UNITED STATES BONDS. (Fractions represent _thirty - seconds. Example: 101-1 means 1011-3%.) Sales. High. Tow Close . 167 100-17 100-13 100-16 1 97-28 97-28 97-28 9-4 98-3 984 98-8 98-2 98-4 98-16 98-16 98-15 Lib 4th 4s.. 480 98-6 98-3 98-4 TS4%e1962. 138 99-19 99-15 99-19 FOREIGN. Bales. High. 6 101% 180 91% 100% 96 100% 86% 79 82% 96 100% 100% 101% 100% 99% 101% 1% 46 109% 90% 29% 8% 109% 9k 95% 5% 88% 97 93% 93% 85% 92% 92% 80'% 82% 9 66 Lib3d 4%s... Low. Close. 101% 101% 91% 91% 100% 100% 96 96 100 - 100 86'% 86% 9 9 821% 82% 96 96 100% 100'% 100% 100% 101% 101% 100% 100% 99 101% 99 101% 101% 101% 44% 108% 920 44% 109% 99% 92% 20 9% 2% 109% 109% 90% 9% 95 91% 5% 83% 97 95% 88% 97 93% 92% 85% 93% 93% 92% 924 85% 80% 9274 9214 804 Bl¥% B24% 8% T8% 54% b4% 34 54% b4le 100% 110 344 100% 110% 7% 9% 922 92 73% 13% % 6% 100% 9314 92tz 1007% 9384 98 9814 92 85% 98 984 69' 105 854 115 69% 105 112% 102% 115 104 112% MISCELLANEOUS. Am Agr Chem T%s 11 974% AmChainsf6s'33 5 93% Am Smlt&R 1stbs. 4 90 Amer Smelting 6s. 17 100% Am Sugar Ref 6 8 102 AmT& Tecv 6s-... 2 1144 AmT& Tl trbs.. 96% AmT& Tcltrés. 91% Anacondacvdb7sl 99'% Anaconda 1st 6s... 39 96% Armour & Co 4%s. 6 82% Atlantic Refin 6s.. 2 98 Bell Tel I'a s rcts. 10 96% Beth Steel 5% '63. 90% Beth Steel pm 53, 88 Beth Steel s f 6s... 9814 Bush T Bldg 53 '60. 88% Central Leather 68 98% Cerro de Pasco 8; nw Chile Copper 68 984 Commonwth P 6 ¥ Con Coal Md 1st 63 Consum Pow 5552 Cuba Cane cv d 8s. Dery (D G) Ti Det Edison ref 7 Diamond Mth 7148 Du Puntde N T%s. E Cuba Sug 7%s Empirs F&G 7% Fisk Rubber $s..., Gen Refractes 6s.. Goodrich 6%s..... Goodyear 8s 4931. . Goodyear 88 1941... Humble O&R 6%s. Dins Bell Tel ist os. Argentine 7 Austria 7s ct Belglum 7% Bordeaux 6. Brazil 7. Brazil 8 Brazil T%s. Canada 5s 1926. . Ca Canada 6s 1931 Canata bs 1952 Chile %8 1946 Chile 83 1941. Chinese Gov Ry 68 6 Christianta i Copenhagen 6%s.. 12 Cubab%swi..... b Czechoslovakia 8s. 13 Denmark 8s Dutch E I 5%s. Framerican 734s. Fiench Govt 8; French Govt 7% Japanese 1st 434s. Japanese 24 4%s. Japanese 4 Jergen UM Mexico 4 Netherlands Norway Norway ds. Orlent Dev de 1aris-Ly's-Med 6s. 34% 100% 110% 9% Queensland Rio de Jan 85 1948. Rio de Jan 88 1947. Sao Paulo,City.8s. . Bao Paulo,State,8s. Seine, Dept of, 7s.. 14 Serbs Crotes Slo Ss 15 Sweden 68 6 Swiss Confed . Ud Kingm 5% '29. 4 Ud Kingm 5%3°37 10 | Ud Steam Copen 65 1 Uruguay 8s....... 1 27 102 » 105% 1074 96% 89 105 98 99% 101% 114% 7% 95% 9974 82 9014 105 95 110 9% 108 99% 944 9 96% 108% 97% 103% 105% 23 1% 891y 1073 90% 9% 100 68 83% 1085 100% 983 96% 941a 974 97 B4 984 104 o - D O R - <L TR > 1S ® Int Paper 1st & KCP&Lt5sA Kelly-Spring 8 Lorillard (P) 5s. Magma Cop cv 7s.. Manati Sug sf T3s Mexican Petrol 8s. Mich St Tel 1st 6: Montana Power 53 Morris&Co 1st 4%3 New Eng Tel 5s. N Y Edsn 1st 6% NYG EL H&P 68 NY Tel 6s°41... N Y Tel 6849 NY Tel 4 N Am Edison § N States Pow 6s... Northwst B Tel 7s. Pacific Gas & E1 58 Pac T & T 68°62... PhilaCoref 68 A. . Plerce-Arrow 8s.. Public Service 5 Punta Alegre 7s... Sacks & Cosf7s.. Sharon Stl H 8s... 110 97% 108 99% 9415 79 9615 108% 977 108% 106% 93 1% 894 1074 90% 89% 100 68 83% 1081y 100% 9814 964% 94 967% 964 84y 9815 104 101% 1056% 954 11215 64 106% 101% 86% 80'% 6l 9214 Y64y 9519 © Sinclair Ofl 6338 w1. Sin Crude Ol 6148, §in Crude OL1 6 Sin Pipe Line bi So Por Rico Sug St Oll of Callt 7 Steel & Tube 122 Toledo Edn 18t 7s. 2 Union Bag & P 6s. 1 Unit Drug ev 8s... 14 USRublstrfbs.. 9 L1 USSteelsf6s.... 18 Utah Pow &Lt5s. 6 Va-Car Chem 7s... 23 Va-Car Chm 738 v 39 Wickwire Spen 7s. 6 Wilson & Co 1st 65 9 Wilson&C cv “%s. 20 Wilson & Co cv i 86 Winchester A 7 104 ——— TODAY'S COTTON PRICES. NEW YORK, June 30.—Cotton futures opened steady; July, 27.70; October, 24,63; December, 24.00; Janu- ary, 23.70; March, 23.65. Spot cotton qulet. Futures closed steady. July, 27.04 to 27.07; October, 2457 to 24.61; December, 24.03 to January, 23.68; March, 23.65. NEW ORLEANS, June 30.—Cotton futures opened steady. July, 27.48; Janu- 106% 95% 112 6% 106 101% 856% 801 62 96% 957% 86 104 ary, 23.47; March, 23.36. Futures closed steady at net de- clines of 21 to 30 points. Clos July, 27.13a27.20; October, 23.86a23.91 December, 23.47a23.48; January, 23.38 a23.40; March, 28.21a23.25. ‘'NEW ORLEANS, June 30.—Spot cotton quiet; 25 points lower; sales on the spot, 100; to arrive, none. Low middling, 27.50; middling, 28.50; good middling, 29.00. Receipts, 1,697 bales; stock, 70,040 bales. ‘WEEKLY COTTON REPORT. LIVERPOOL, June 29.—Weekly cotton statistics: Total forwarded to nills, 39,000 bales, of which Ameri- can 21,000; stock 478,000, American 188,000; imports 25,000, American 4,000; exports 6,000, American 3,000. REAL ESTATE BOOSTED. ‘ ST. PAUL. June 30 (Special).—Al- though the establishment of the new Ford factory here has proved a big business stimulant, this ity has ex- perienced some discomforts due to the resultant rise in real estate values. The city was forced to pay advanced prices for new school sites. Real es- tate I8 more active than at any time in the last decad From Life, Hubby—Isn't the dinner bell early? wm—nl:'é- not the dinner bell. “What is 1t?" % “Only our dauglter trying em her new earrings. 104% | 924 | BONDS e excmace K Private Wire Direct to The Star Office. i | | | ! Sou Pacitic clt 4 e | 5 RAILROADS. Sales. Hikn. 86% 9% 8414 80% 5% 1% 100% 8% 82% T4% 93% 64 112% 112% 8% 92% 96% 86 87 864 8314 624% 29 9% 79 48% 614 57% 64% 9 63% 72% 108% 108 7% 76% 8% 8815 102% 100% 81% 103% Low. Close. 86% B6% 9% T9% 84Y; 8i% 80% 80% 95% 95% T 7% 100% 100% 8 78 82 #2% K 74 93% 93% 64 64 112% 112% 112% 112% 8% 8% 92% 924 96% 96% B4% F5 86% 87 85% 86% 831 83% b2% b52% 29 29 97% 9% 78 79 48% 48% 611 61% 674 B7% 63% 63% 8% Trie 621 63 2% 2% 108% 108% 107% 107% % 7% 76 6 8% T84 88% ¥8ls 102% 102% 100% 100% 8l% 814k 102% 102% 86% E56% 857% 85% 981 98% 73 3 85 86 I3 66 123 103 4% 44y 49 103% 49 103% 107% 98% 1084 98% T 844 T4 55% 98% 101 59 59% 86 36 88 29% 68 3% 80% ¥3% 91% 102 88% 22'5 521y 103% 5% Y31 49% 81 63% %% 103% 95 714 59 0% 6214 60 394 106% 937% 98% 91 791y 995 89 106% 107% vil 66 B4 74 b 661y 20'% 63% 895 71 99 7214 baly 43 26% 615 Y0% Bax, 9% ¥5 674 1007% 58% 46 91 82 103% 94% 94k 0 SW atv 3% B & O Toledo 4s. Canadian North 7s Canad North 6%s. Canad Pac deb 4 Car Clinch & O 5s. Car Clinch & O 6s. . Central Pacific 4s. Ches & Ohlo cv bs. Ches & O cv 4% Ches & Ogn 4 %! Chi & Alton 2s Chl & Alton 3%s. . Chi B&Q 18t r£ B Chi & E 111 gn . Chi Great West 4s. C M & Puget Sd ChIM&S Pre 4y Chi M&St P ov 5 Chl M&St P 4525 Chi M&S P ev 4%s. Chi M&St P 4534, Chi& NW 6%4d. .. Chi&NW 178 Chi Rys Bs. ... ChiRI1& Pacrt 48 CRI&P gen 4s Chi Un Sta 4% Chi & W Ind 7% CCC&StLrfésA. Colo & Sou 4% CubaRR7%s Cuba R R bs.. Del & Hd 18t rf 4s. Del & Hudson 5%s Den&Rio G con 4s Det United 4% Erle 1at con 4 Erle con ext Erle gen 4s, Erfeconv4sD.... Gr Trunk sf db 6s. Gr North gen 7s, Gr North gen 5% Green B& W db B. Havana ERL&P b8 Hud & Man ref 6s. Hud & Man a4 bs. . 111 Cent ref 55 '66. . 111 Central 614, Int Rap Tran b Int Rap Tr bs st Int R Transit 7 Int & G Nor aj 6s. . Int & GUN 1st 6s. . lowa Central rf 4s Towa Cent 1st §s. . Kansas City S 6s.. Kan City Term 4s. Lake Shore 45 °28. - omalauanan mSeanana= © e Balacares - ® 0o 09 00 19 IS 0900 e N O Ot e ory - onnaSea8aR - S @ e oS oeem—a B Louis & N uni 4s.. Market St cn Ml El Ry & L 68.. MStP & SSM 6%s MK&Tprints A MK&TésC, MK & T ady Mo Pacific ot @ ot @oRulirtan 5 N Y State Ry 4%s. NY W & Bos 4%s. Northn Pacr 1 6 Northrn Pc 6s rot. Ore & Callf 15t 5. Cre Short Liref 4s Ore-Wash 1st rf 4 Pennsyl gen 6s. Pennsyl gen 4% Pennsyl 6%4s. Pennsyl gold Ts Pere Marq 1st 6s.. Rapd Tran 6s w1.. Reading gen 48 RIArk & L 4% St L IM&S R&G 48 StL&SFpl4sa. StL&SFprin StL &S Fincés.. StL&SF6%sD ween@ o o 898 1% ¥ 2% biy a3 26% ol 90% 84% 80 95 67% 101 68% 464 u1 B2l 1084 843, 95 €0 78 o LT S Lo Seab'd A L ad) bs.. Seab'd A L con 6s. Sou Pacific cv 4 Sou Pacific ref 4 - Southern Ry 1st §s Southern Ry gn 48 Southern Ry 6%s. ‘Third Ave ref 4 ‘Third Ave adj b Union Pac 1st Union Pac lstrf 4s Union Pac cv 6. Virginia Ry 1at Bs. Wabash 1st 5s. ... Western Md 4s. . 60 60 ‘West Shore 1at 4s. 8 78 TOTAL SALES (Par Value): 1lam.. 2523000 12noon. 5419000 SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) ~——Close.—— otter. 100% 1064 95 964 67% 101 584 4% o1% 8214 103% ydss 9 o Blublnaneciy e 3 5 1 45 1 Aluminum Co. of Amer. Aluminum Co. of Amer. r Gs 193 Americun « Tel. American Tel. & Tel. 6s 1925 ‘Avsconds Copper 6 1026..... Anglo-American 011 Bell Tel. of Can. 7 Canadian Northern 5ijs 1924, 1 Central Argentine Rwy. 6s, 1927 Ceutral Leather s 1925 -, C, C. & St. | Dupont 74s Federal Sugar & R. 8s 1931, Hocking V Humble 00 5 City T ott_Copper MeNell & Tidey Union Tank Car U. S. Rubber 7 s, s 1930, U. 8. TREASURY CERTIFIOATES. (Quotations furnished by Redmond & Co.) ——Close.——— Maturity— Bud. 3%s Septomber 15, 1923... ©031.32 41ys September 15, 1923... 100 1-16 45" December 15, '1023..." 100 4158 March 15, 1024.. 1004 5%s June 15, 102 5igs Beptember 15, 1 9528 Maren 13, is 4igs June 15, 1025. %8 December 16, i 4%s March 15, 1026. 43,s September’ 15, 1926, 4%s March 15, 1021 4348 December 15, 1927 —_— FOREIGN EXCHANGE. By the Assoclated Press. NEW YORK. June 3.—Foreign ex- changes irregular. Quotations (in U. S. dollars): Great Britain — Demand, 4.5711-16; cables, 4.57%; sixty-day bills on banks, 4.5713-16. France— Demand, .06033;; cables,..0604. Demand, .0438%; cables, .0439. Belgium —Demand, .0513; cables, .0513%. Ger- many — Demand, .000005%; ~ cables, .000005%. Holland—Demand, .3905; Ccables, .3918. Norway—Demand, .1635. Sweden—Demand, .2645. Denmamk— Demand, .1749. Bwitzerland—Demand, 1761%. Spain — Demand, .1448. Greece—Demand, .0285. Poland—De- mand, .000008%. Csecheslovakia—De- man .0209. _ Argentine'— Demand, .358 Brasil—Demand, .1080. Mon- treal, .07 8-16. NEW BANK APPROVED. Controller of the Currency Dawes today announoed ahsfn ved the application for the o of the Pacific National k at Los Angeles. Calif. The capital of the institution was given at §1,000,000. 100 oo 091 FINANCIAL. | Grain, Produce and Live Stock LOCAL WHOLESALE MARKET. Not many material changes in prices were noted during the week and conditions were reported as being satisfactory at the close of the mar- ket today. Butter prices underwent several slight changes, but not great enough to materially affect the market, while egg_ prices showed a slight upward tendency, making the market con- siderably firmer. Meat prices did not change auring | ! the week. Best quality meats brought top prices, while medium and poorer qualities 'were cheap. Prices on spring chickens dropped several cents and cheaper prices also were reported on fowls. Eggs—Strictly fresh, selected, can- dled, per dozen, 26; average receipts, 24; southern, 24. Live poultry—Roosters, per 1b., 12; per 1b., 25; spring chick- per 1b., 46a55; keats, young, each, fowls, per Ib., 23. Dressed poultry — Fresh - killed spring chickens, per lb.. 50a60; win- ter chickens, per Ib., 35; hens. per Ib., 28; roosters, per Ib, 20 turkeys, per 1b, 30ad0; keats, young, each, 70a80. Live stock—Calves, cholce, per Ib., 10; medium, per Ib., 9a9%%; thin, per ib, 6a7. Lambs, spring, per 1b., 14; 11Vz pigs, 3.0085.00 each: ive hogs, per 1b., 8. Green fruits—Apples, per bbl, 4.00 89.00. California oranges, per crate, 5.00a6.50: Florida, 5.50a7.00. Lemons, per box, 8.00a11.00. Grapefruit, 4.00a5.00. Blackberries, per qt.. 6a20. ' Peaches, 4.0085.50. Cantaloupes, standard, 4.75: 5.00; pony, 3.50a2.75; flats, 1.75a2.00. Vegetables—Potatoes, per bb! 1, 1.50a2.00; per sack, 2.00a2.75: ne potatoes, per bbl, No. 1, 4.00a5.50; No. 2, 1.00a2.50; sweet potatoes, North Carolina, 2.50a3.00; nearby, 1.00a3.00. Lettuce, per crate, nearby, 7om1.50; New York, 2.00a2.50. Romaine lettuce, per crate, 7bu150, Cabbage, nearby, 1.50a2.00 per bbl. Eggplant, per crate, 2.00a3.00. Tomatoes, per box, Florida, £.00a5.00; Mississippi, per box, 2.00a2.25 per crate. Beans, 4.00a6.00 per barrel. Peas, 2.00a4.00 per basket. Peppers, per crate, Florida, 2.00a4.00. Kale, per barrel, 7581.25. Spinach, per barrel, 3.00a4.00. Celery, per crate, Florlda, 2.0026.00. Squash, 1.00a2.00. Fiorida lima beans, 3.50a4.00 per basket. As- paragus, 1.0024.00. =) GRAIN AND PROVISIONS. BALTIMORE, Md., June 30 (Special). —Potatoes, new barrel, 1.50a4.75; old 100 pounds, 75a1.50; 150 pounds, 1.50a2.75. Asparagus, dozen, 1.50a3.60. Beans, bushel, 50al.2 Lima Beans, bushel, 4.00a4.50. Beets, hundred, 4.0026.00. Cabbage, crate, 1.00al.50. Eggplant, crate, 2.00a3.50. Kale, bushel, 75. Lettuce, bushel, 50al.50. Onfons, bushel, 1.25al Spring onions, hundred, 1.25al. Peas, bushel, 2.00a2.50. Peppers, crate, 2.50a4.00. Radishes. hundred. 3.00a 3.50. Rhubard, hundred, 2.00a3.00. Spinach. bushel, 1.50. Squash, basket, 40a50. Tomatoes, basket, 3.00. Black- berries, quart, 12al8. Cantaloupes, crate, 1.75a5.00. Cherries, pound, 8a 20. Gooseberries, pound, 6a8. Grape- fruit. box, 2.50a4.00. Huckleberries, quart, 20a25. Oranges. box, 4.50a6.50. Peaches, crate, 3.00 a4.50. Pineapples, crate, 3.00a4.50. Raspberries, pint, 8a20. Watermelons, each, 20a75. Selling Prices at 12:15. Wheat—No. 1 red winter, spot, no lquotations; No. 2 red winter, spot, 1.14; No. 3 red winter, spot, no quo- tations; No. 2 red winter, garlicky, no quotations; No. 3 red winter, gar- licky, spot. no quotations; June wheat, no quotations. les—Bag lots of new nearby at 1.00, 1.06 and 1.97 per bushel. Corn—Cob, new, 4.75 per bbl.; con- tract, spot, 871 per bu.; No. corn, 3 no quotations; track corn, . 2 or better, 1.00 and 1.01 No. new Shles—None. Oats—White, No. 3, 52 per bu. Rye—Nearby, 70275 per b western export, spot, 743 Qquotations. Hay—Recelpts. 61 tons; for better description of timothy and light- mixed hay there is a steady demand right along at a range of 19.00 to 20.00 per ton. The percentage of good hay and low grades are in full sup- ply at regular prices, Straw—No. 1 tangled rye, 15.00a 16.00; No. 1 wheat, 12.50a13.00; No. 1 oat, nominal, 14.00a15.00. No. 0. 2, 0. 3, no DAIRY PRODUCTS. BALTIMORE, Md., June 30 (Spe- cial).—Live poultry—Spring chickens. pound, 40a52; small Leghorns, 30a40; old hens, 21a25; Leghorns, 18a20; old roosters, 13al4; ducks, 15a20; spring ducks, 28a30; pigeons, pair, 25a30. Eggs, loss off, native and nearby firsts, dozen. 24; sputhern, 22a2 Butter, creamery, good to fancy. 81 41; prints, 42a43; nearby creamer: 35a38; ladles, 34a35; rolls, 30ad: store packed, 30; dairy prints, 30a32. TODAY'S CHICAGO PRICES. CHICAGO, June 30.—Bullish ports about crop conditions in northwest led to decidedly higher prices for wheat today in the early dealings. With rainy weather tend- ing to Increase the danger of se- rious damage from Dblack rust | previous sellers made haste to bu and the market rapidly advanced. Opening prices, which varied from re- the September 1.02% and 1.02%. and December 1.05%, were followed by a sharp general upturn. Selling on the part of houses with eastern connections, sent corn and oats down untll December corn and September and December oats touched a new low-priced record for the sea- son. Then rallles ensued. After opening unchanged to 3% lower, September 4% to 751, the corn market declined all around and then recovered in fuil. Oats started unchanged at 8 off. September. 361 to 36%. Later all of the set-back was overcome. Firmnes in hogs values brought about slight gains in the provision market. WHEAT— July .. Beptembe December Do Low. (I 021 High. 1.08 1038, 1.06% % 4% K 401 .:gz 3 10.70 10.95 Septeniber oty December . B4y 401 on 381 10.75 11.00 % 8.87 805 September ... 9.05 9.17 CHICAGO LIVE STOCK MARKET. CHICAGO, June 30 (United States Department of Agriculture).—Cattle —Receipts, 1,000 head; market for week most killing classes unevenly, 25 to 1.00 lower; lower grades yearlings showing maximum deciine; many grass fat cows 50 to %75 off; least decline reflected by strictly choice long fed matured steers; bulls largely 25 higher; veal calves, 25 to 60 up: stockers and feeders, 25 to 50 lower; spots more on plain lightstockers; extreme top matured steers, 11.40; part load long yearlings, 11.00; few 'youngsters above 10.50; week's bulk prices follow: Beef steers and yearlings, 8.90a10.25; stockers and feeders, 6.00a7.00; beef cows and heifers, 5.25a8.35; canners and cutters, 2.25a3.50; veal calves, 9.00a9.75. Sheep—Recelipts, 4,000 head: practi- cally all direct; market for week: Di- rectly around 40; compared week ago good and choice lambs, 25 to 50 higher; lower grades and cuils steady: sheep ~steady; closing top native | fambs, 15.75; bulk deairable killers, | 15.90a15.50; ' culls, 8.50a9.00; bulk medjum and handyweight ewes most- 5.00a6.50; top, 17.00; extreme 3.50a4.00. Hogs—Recelpts, 8,000 head; fairly active; better kind, 10 to 15 higher; others strong to 10 higher; bulk good and chofce, 160 to 800’ pound averages, 7.05a7.85; top, 7.26; pack- ing sows mostly around’ 6.35; strong- weight pigs up to 6.75; estimated holtfo\mr. 3,000; heavy-weight hogs, 6.65a7.15; medium, 75a7.25;: light, 6.6627.20; light light, 6.60a7.10; pack- ing sows, smooth, 6.60a6.40; packing sows, rough, 5.60a6.10; killing pigs, 6.00286.765. 4 The only hard thing about holding a Job i3 the work it take: unchanged figures to % higher, with | i | i g BANK CLEARINGS ~ VERYNEAR PEAK Monthly Report Shows Total of $101,208,121—$60,000 Hotel Bond Payment. The healthy state of Washington s businesses is reflected in bank clear- Ings for the month made public thi morning by Charles E. Bright, ma: ager of the local clearing hous assoclation. During the period che totaling $101.208,121.63 passed through the banks of the city. which sum only slightly 1 than the peal reached in May, 1023, when checks totaling $101,408,088.11 were cleared Clearings in June o« last amounted to $89,314.30 Thix sum is held highly encourag ing by bankers and merchants, doubl 50 on account of the short month i which it was umulated. Fewer flures Recorded. A further reduction occurred in ti number of failures in the Inited States this week, a total of 292 being reported to R. G. Dun & Co. Thi compares with 320 defaults la week, there being a decrease of failures In the east. 13 in the sout and 4 in the west. The Pacific coas however, shows an Increase of 13 d- faults. A year ago, ageregate f all sections was failures excess of the number reported for th present week. Coincident with the decline in th , those for $5,000 or more of liabilities in each case aleo decreased, numbering 146. This equivalent to 50 per cent of the &g gregate number, as compared with : ratio of 59.1 per cent last week, whe: there were 189 such failure: with a percentage of 55.5 when 202 defaults involved an fin indebtedness of $5,000 or more each instance. . Numbering sixty-six, Canadian de faults this week show an_increas over last week's total of fifty-four but are below the seventy-five fa ures of a vear ago. %60,000 Bond Payme: The first curtailment of the Nev Hamilton Hotel issue, amounting tu $60,000, will be paid on Monda: July 1 This issue_was flcated about a ve ago by the F. H. Smith Company and consisted of $1,200,000 of $ per ce: first mortgage bonds, secured by the Hamilton Hotel building, land, furn ture and equipment. Bank Votes $5 Dividend. Directors of the Seventh Stree Savings Bank have declared a div! dend of $5 per share, payable ol July 2, to stockholders of record June Z8 B This “melon” places the stock of the institution on a definite basis « 10 per cent annually. The bank i officered by Somerse! R. Waters. D ident; August H. Plugge and Harry Kaufman, vice presidents, John D. Howard, cashier. Brokers' Loans Decline, The decline on the New Yor k Exchange during the past few wecks has caused a further shrink- age In the volume of Wall stree brokers' loans. The total now i about $1,665.000.000, in the opinic of Dow. Jones & Co. as compared with $1 0,000,000 on June 16 and 000,000,000 on February 14, when the peak was reached. The larger brokers report a r duction of from 15 to 20 per cent their loan accounts in recent months The trend of money rates in Wall street recently, in face of this loan reduction, has occasioned some sur- prise. However, it may be sald th fluctuations in Wall street rates to firmer levels in the past week are due mainly to preparation by the banks for July 1 requirements. Julx 1 i3 a heavy interest and dividend disbursing period. SEVEREBRAKING CALSES CARWEAR Tests Show Tires, Wheels, Spokes, Gears and Joints Affected. 4 yeu s ’ total of default 3 Tires. wheels, spokes, different gears and universal joints; these are the parts of an automobile which suf- fer most from sudden and severs brake applications, according to tests Just completed by Johns-Manville, Inc. under the direction of J. W Perry, general manager of the auto- motive department. These tests, announced Mr. Perry, revealed why it is possible for a car to skid on a perfectly dry paveme It was found that locked wheels slide along asphalt on a film of soft rul ber, melted from the tread of the tir: by frictional heat. In such cases, was found, the car will travel farthe before stopping than when the brakes are so adjusted and applied by th: operator that they cannot lock t wheels, “In_the interest of greater safety sald Mr. Perry, “car owners shoull see to It that their brakes are morc frequently inspected; certainly no le than once & month, or, better, evers 500 miles. A simple road test, more- over, can be made by determining within what distances a car can bo stopped at various speeds. When this has been determined, with an: particular car, a liberal margin of safety should be added for actual con- ditions_of service. “It should be remembered that the abllity to stop a car is sreatly in- fluenced by the condition of the road surface. When roads are very wet as in heavy rainstorms, there Is less tendency for a car to skid than when the roads are partially dried or in what is known as a ‘greasy state’ Should a car start to skid when ap plying the brakes, it is usually due to the wheels locking. “A dangerous skidding can usua be quickly stopped if a driver ha presence of mind to release the # brakes and apply them a second time with less force. This gives the wheels_a chance to agaln grip the road. If the road Is very elippery, as on an icy road with light snow ou the surface, best resuylts are obtained by slowing the car carefully with the engine and helping with the brake. Lightly loaded cars, as with the driver only, are more difficult to stop than loaded ones. “With these points in mind a driver can quickly learn the ‘tricks’ but above ail, do not have too much con~ fidence in your ability, as ‘it is better to be safe than sorry.’” / b / d 514,000 Canadian Registration. New York state leads all others ownership of motor trucks, the total ing 185,858, Ohio is second with 117 ie highly unsatisfactory,due to the fa Massachusetts and Texas are next in line. Nearing His Figure. From the Boston Transcript. “Jack, dear, you love me more than anything else in the world, don't 'Of course.” “And you wouidn't give me up fo a million dollars?” o “Hm! Has anybody offered that™

Other pages from this issue: