Evening Star Newspaper, July 2, 1923, Page 22

92 BETTERTONESEEN | IN STOCK MARKET Shares Strong in Afternoon i After More Slumps to Year’s Low Records. BY STUART P. WE Bpecial Dispatch to The Star. NEW YORK, July 2.—The market went through another period of un- settlement today, but after the first hour or so developed a distinctly bet- ter tone. Wall street houses handling Jarge business were sending out word 10 their clients that buying by small investors and by important financial intérests was on the increase and was bezinning to have a steadying influ- ence. Against this the selling came from speculative sources—from used- | up pools and other margi accounts | “nd’ from small bear traders—and | Was therefors what the strect styled as “selling of a weak character Several Sharp Breaks. During the interval early the day when the market was hesitating several stocks broke sharply. Among these were the Pan Americans. Some of the other oils were offered down| in on continued talk of more price cut-| ting to come. New Haven brokej through 13, where it was off 2 points from Saturday. The selling of this atock followed the report by the committee, which, at the instance of the governors of the New England states, has been investigating rail way conditions in that territory. The recommendations in this report were equivalent to saving that the only hope for New Haven 1 in a vol- untary adjustment of capital account, in which bond and stockholders alike would have to make liberal sacrifices. Some of the fertilizer stocks were weak again, especially American Ag- ricultural Chemical preferred and common. Chandler Motors Improves. Chandler motors responded prompt- 1y to the letter sent out by the presi- dent of the company in which he as- ! sured stockholders that more than the full 6 per cent dividend for the | vear had been covered during the first ¢ six months. | Plerce-Arrow stocks broke badly | for a while in sympathy with thel abrupt decline in the § per cent bonds. | The same buying came into Stude-| baker below 99 that has been ap- parent in the stock since its approach to par. This was buying of & semi- investment nature. The reversal in the market. once it started, proceeded steadily, and what was more significant from the prac- tical Wall Street point of view was that the volume of transactions ex- panded with the rise. e The early forcing down of stocks as Baldwin Locomotive Studebaker had looked very artificial, and these leaders rebounded with particular ease. Review and Outlook. The recovery on the stock exchange, like the decline of the Inst week or %0, was not due to anything in the outside news. It was simply recog- nition that the market had been pressed down too far. partly throu the liquidation of demoralized spec lators and partly by persistent op ations for short account. This down- ward movement could not fit in with any of the known facts regarding the trade situation as it is nday dispatches from the enters were on the whole optimistic. One of the most im- | portant contributions was the state- ment from Pittsburzh that the steel mills, while naturally having e enced some slowdow after feverich pace of the were taking in more new business at the present time than their entire production amounted to before the ! war. i Pronounced weakness again in| French and TItalian currencies was the feature of the day in the Interna- tional money markets. Italfan lire made a new low for the vear. Francs| today were getting close to the 1923 | low of 5.76% in the last week of January and the record low of 5 in 1920. This movement was widel at variance with the optimistic state- ments emanating from financial cor- respondents in Paris. MARKET CLOSES STRONG. By the Associated Press. NEW YORK, July 2.—Prices made | moderate recovery from recent heavi- | ness in today's stock market after | an early period of weakness resulting from bear ralds against a few indi- vidual issues and liquidation of weak- ened marginal accounts. Althougl nearly 100 stocks established new low prices for the year, good buying | support was encountered at the lower | levels. Easier money rates facili-; tated the rally. Sales approximated 225,000 shares. The closing was strong. Prices continued their upward course during the afternoon, with short covering operations apparent in many of the | leading Issues. Market Flashes at Today’s Close During the three months ending June 30, 184 railroads, public ultilities and industrial corporaifons declared extra dividends, increised their reg- ular rate, distribyted stock dividends or made back payments on accoun: of dividends. This compares with a total of 175 companies which made such payments during the first quar- ter of the year. FINAN [Cuba CIAL. THE EVENING STAR, WASHINGTON, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Adv Rumley Ady Rumley pf Air Reduction. . Ajax Rubber. . Alaska Gold. Alaska Juneau.. Allied Chem Allls Chalmers.. Allis Chalm pr. Am Agr Chem. Am Ag Chm pf Am Beet Sugar Am Bosch...... Am Brake Shoe. AmiCan.. .05 Am Can pf | Am Car & Fdy Am Chain (A). Am Chicle Co. . Am Chicle pt Am Cotton Oil Am Druggist. Am Express. Am H & Leath AmH & Leapf.. AmIce..... Am Inter 4 Am La France Am Locomotive Am Loco (new) Am Radjator. Am Safe Razor Am Ship Com Am Smelting.. . . Am Steel Fdy Am Sugar. Am Sumatr : Am Tel & Telex Am Tobacco. Am Tobac (B) Am Tob pf ( {Am Water W Am Woolen. Am Writ Prpf Am Zine & Lead Am Zine&Ld pf Ann Arbor pf Anaconda. . Arnold Con Assets Realizn . Asso D Good: Asso DG Atchison. .. Atchison pf. . Atlan Cst Line Atlan i Atlanti Atlantic Ref Atlas Powder (n Austin Auto Knitter. Auto Sales pf Baldwin Loco. Balto & Ohio. Barnesdall (A). Batopilas Min Beechnut Pack Beth Stecl - Beth Stl 7% (n). Beth Stl 8% pf Booth Fish Brit Emp Steel. Br Em Stl 2d pf. Bkiyn Edison. .. BKIyn R T ctfs. Brown Shoe Burns Bros (A). Burns s (B) Butte Copper | Butte & Super Butterick Caddo Oil Calif Pack .. lif Petrol. 1if Petrol pf. . Callahan Zinc. .. Calumet & Hecla Canadian Pac Central Leath. Cent Leath pf. . Century Rib Mili Cerro de P’asco. Chandler Mot Chesap & Ohio. . jChes & O pf i & Alton ast 111 Chi& ETpf... Chi Grt West Chi Great W pt jChi Mi1 & 8t P, Cht Mil &St P p* Chi & Northwn. Chi Pneu Tool. ChiR1& Pac Chi RI&P6% pf. hi R 1&P 7% pt Chile Copper Chino Copper Cluett Peabody. Coca-Cola. Colo Fuel....... Columbla Gas. . Col Gas (new) Columbn Carbon Columbia Graph Col Graph pf... Com Solv (B). Comp Tabulat Cons Gas of NY. Cons Textile. Cont Can. Cont Can pf.... Continental Mot Corn Products. . Corn Prod pf. Cosden & Co. Cosden pf 5 Crucible Steel. Cuban-Am Sug. Cane Sug. Cuba Cane S p?.. Cuban Dom'can. Cuban Dom pf. . Cuyamel Fruit. . Davidson Chem. Del & Hudson. .. D Lack & West. Detroit Edison. . Dome Mines. Douglas Corpn . Dupont (E D). Dupont deb. Eastman Kodak Elec Stor Bat. .. { Elk Horn Coal. . Endicott-John. Erie G Erie 2d p! Erie 1st pf. Famous Players Fd Mines&S pf Fifith Ave Bus. Fisher B of O pf Fisk Rubber. Fleishman. ... Foundation Co.. Freeport Texas. Open. High. 10 33! b7l 6% % 1 641y 39 90% 13% 0 H 70 85% 107 . 165% 21% 9 40 s a5 96% 6% 375 90% 18% 105 10% 538 818 €7 16% 1199, 1411 1407 102 83 81 15 Sin 38 30 £7 100 415 6% 19% 105 1'% 167 493 120 26 % 184 4% T 19 9614 5'n 1221 116% 59% 97 6215 25 10 10 33% 56% 64 56% 358 107 114 102% 847 12% 111% 83 56% 34t4 105% 13 101% 3435 121 108 53 101% 525 14 18% 64% 634 1% 10% 13 13 18% 16% 70 68 35%_ 86% HE T4 985 9:% 8m 40% 39% 6715 674 9% 102 b5 10 Low. Close. 10 {Int Tel & Teleg. 38151 Invineible Oil.... 5415 { Iron Products 1 I Ir Products pf. . 1% Iron Prod ctfs. . Island Oil. Sois |ewelTea. ... Jewel Tea pf. Jones Tea...... Jones & L'gh pf. Kansas City .. C So pf r (Julius) er (J) pt.. Kelly-Spr Tire. . Kelsey Wheel. . Keystone Tire. . Kresge (SS) LE& Wnetfs. . Lee T & Rubber. Lehigh Valley. . Lima Locomo Loews Inc. ... Loft Inc. Lorillard Louls & Nash Mack Trucks. .. Mack Trucks 1st Macy Co 5 | Magma Copper Mallinson & Co. Manati Sugar Manhat EI Sup Man El inv guar Manhat Shirt. ... Market St R: Market St pri Marland Oil Marlin-Rockwi. Martin-Parry Muthison Alkili. Jaxwell (A). Maxwell (B). May Dp Stores Met Edison pf. . Mex Seaboard. . Mex Seabd ctfs. Miami Copper. . Middle St Oil. . Midvale Steel. Minn & St L (n). Mo Kan & Te Mo K & Tex pf Mo Pacific. Mo Pactfic p! Montana Power. Montg'y Ward Moon Motors Mother Lode . Mullins Body Natl Acme. Nash Motors. . at Biscuit.. ... atl Biscuit pf at Conduit . Natl Enamel. atl Dept Stores atl Dept Sto pf Natl Lead. . . Natl Ry of M 2d. Nevada Copper. \ Or Tex & Mex Y Air Brake. Y Air Brk (A). Y Central. ... ¥ Ch&StL ctfs. ¥ Dock. .. Y Dock pf.... NYNH&Hartfd. NY O & Westrn N'Y Shipbidg. . Norf & Western North Amer. orth Am pf. orth Pacific Ohio Bdy & Blw. Orpheum Clrcuit Otis Steel Owens Bottle. Pacific Develop. Pac Gas & Elec. Pacific Mail. ... Pacific Ofl. .. .. Packard Motor. Pan-Am Pete. Pan-Am P (B).. Parrish & Bing Penn Seabd Stl. Penn Coal & Cke Pennsylvania. . People's Gas. ... Peoria & East Pere Marquette Pere Mrq pr pf. . Philadelphia Co Phila Co pf.. Phillips Jones . . Phillips J pf. Philip Morris. Phillips Pete. Phoenix Hosiery Plerce-Arrow. .. Pierce-Ar pf. Plerce Oll.. Plerce Oil pf Pitts Coal. Pitts Steel p’. Pitts & W Va. Postum Cereal.. Pressed Stl Car. Produc & Ref... - 1 pub Service. P Ce. 1200 | Eullman Co 116% 41% 97 63% 26% 11 41% 3% 36 56% 35% 107 13 1024 3% 12 11 83 102% 56 1 LN 1% 13 18% 694, 364 T% 6% 8 401 67% 10 434 -1 Punta Alegre... 47% PureOil.... . 18 Pure Oil 8% pf 91 Railway Stl Sp.. 102 Rapld Tran Sec. 9% Rap Tran Secpf 3l% Ray Con Copper 10% Reading. .. . 68% Reading Istpf.. 46 Reading 2d pf. 47% Rels Robert pf.. 68% Remington. . 26 Replogle Steel.. 13 Rep Ir & Steel 40% ReplIr & Stipf.. 87 Reynolds Spr... 16% Rey Tobac (B).. 60 Royal Dutch.... 45% St Joseph Lead.. 17 $tL & San Fran 18 StL&San Frpf. 37% St LSeuthwn... 2T% St L South pf. San Cecll Sug. .. Savage Arms. Schulte Stores. . Seaboard Air L.. Seabd AL pf.... Sears Roebuck. . Seneca Copper. . Shattuck-Ariz Shell Union. Stmms Petrol. .. Simmons * 107'% 17% 50% 29 96 33 85 2% 4% 821 | 19% AT 60"« 15% 6 3 1491 90% 69 88 5714 2915 2215 48 44 264 421 87 16 607 45% 17 18% 38 29 561 24% BOND QUOTATIONS VERY IRREGULAR [Liberty Issues in Run-Up, But Lose Part of Gains. Sharp Breaks in Industrials. BY GEORGE T. HUGHES. | Special Dispatch to The Star. | NEW YORK, June 2—Trading in { the bond market opened for the week | with very irregular changes in prices. For the most part, quotations were | lower, but here and there there were evidences of buying for the account of investors or speculators who be- |lieved the decline had more than j discounted all the visible unfavorable factors, {carly in the day, but later lost part jof the gain. The market was very { steady. however. in all United States | government loan: In other high- {Erade investment issues there was no very great change. ! French and Belgian issues were 1y the weakest among foreign 3 development to be expected m the drop in franc exchange. All of course, reflected concern over latest phase of the reparations Czecheslovak eights sold n point at the opening, but ral- {lied later | The remarkable feature was the way in which the new Austrian loan :p through all the weakness in onds: Quotations for speculative bonds moved very uncertainly. j New en bonds were affected {the published suggestion of New gland raiiroad committee that the | bondholders consent to a scaling ldown of th holdings to the amount lot $76.000.600. Other speculative rails. such as the ie convertibles and the Erie gen- | erals. the St. Paul 4s of 1923, i vertible s and the convertible Bs. I Missouri general 4s and S i sco inc s no particu ar pressure such as has been in evi- {dence recently. Most of them did bet- i1 ter after midday. ! There were a few sharp {among the industrials, the most not {ble of which was a drop of over 5 {points in Plerce-Arrow 8s right at th |opening. Part of this loss was later ! regained COTTON FORECAST 141,000 BALES Agriculture Department Gives Out Report Based on Crop Conditions on June 25. railroad The year's cotton crop was st at 11,412.000 bales today artment of Agriculture. The forecast was based on the cc of the crop on June 25, which was 69.9 per cent of norma | the preliminary estimate of ation at that time ) acres, lu fore- by the and on which or 12.6 per cent t year's a on ihat estimate and condition t 'of 4 normal; d 30; South Carolina, 000 and 64; Georgia, 3.9 “loridx, 17 Arkanvas, ; Tennessee. 1,193.000 . 394.000 and 62; Okla- d 64; . Arizona. 1 11 homa, 000 and b1; i all other state 000 and 0. IEXPORTS OF GRAIN DROP DURING WEEK ’Less Barley. Corn, Oats, Wheat and Flour Shipped Abroad. Rye, Grain exports from the United States last week amounted to 3,665,000 bush- els, compared with 4.5 00 the week | before. F.zures made public by the merce Department today showed | following comparisons of grain exports {last week with thosc of the week be- i fore ! Barley. 189,000 bushels, ag: {eorn, 175,000, against 1 | 76.000. against 206,000; rye, Against §06.000 bushels: wheat, against 949,000 bushel: flour, 1a 149,400 barrels: jan grain cxported from United s ports last week amounted to 0.000 bushels, against 691,000 the week before. WOOL GROWERS HOLD oUT FOR ADVANCE IN PRICES Special Dispatch to The Star. i oat. 610,000, 18,000, 140,600, Libertys had quite a sharp run up | by | breaks | 1 | BRI¥n Ed gen 000 and | Com- ; the ! D. C, MONDAY, JULY 2, 1923 "ON NEW YORK BOND% STOCK EXCHANGE I Received by Private Wire Direct to The Star Office. | (Bales are n $1,000) H UNITED STATES BONDS. fons represent thirty - seconds. 101-1 means 1011-32.) Sales. High. Low Close. 106 100-16 100-13 100-11 6 987 98-7 244 98-4 98-6 98-6 987 98-15 98-15 98-5 _ 98-7 Lib 4th 4%s. . 106 . s % 99-16~ 99-20 TS4ys1952. 179 Closs. 101% 92 998 95% 98% 109% 86% 76% 83 $6% 100% 101% 100 98% 101 Tow. 101% 91% 99% 95% 98% 109% 86 6% €24 96 & 1004 1015 4 100 Argentine 78 Austria, 7s ctfs. Belglum 7%s. 92 100 95% 997% 109% 86% Brazil 7158 Canada 5% 192 Canada bs 1931. Canata 531952, Chile Y5 1946. .. Chile .51926. .. Chile 85 1941 Christianta 8 Copenhagen 5% Cubab%swli. Czechoslovakia @ - » Sawlilalans 101 109% 90% 99% 91% 109% 967% 91% 96% 96 89 a7 93 9315 @ Denmark 8 | Denmark 6; | Dutch E 1534 i Dutch East1 6347 Dutch East 1 6s'63 Frameriean 7 French Govt 8s... | French Govt T34a. | Haiti 6actfs... ... Holland-Amer 6s. 85% | Japanese 15t 4 14». 92% Tapanese 2d 414 ! { { Japanese 4 P i | Margeil Mexico 5s.... 3 H Mexico Gs large Mexlco 4s. Montevideo 78 Netherlands 6s. Norway 8s... H Norway 6s. .. 5 Orient Dev deb 6s 9 | Paris-Ly's-Med 63 214 | {Prague T3%s Queensland 78 | Queensland 6s.... j Rio de Jan 8s 1946, Rio de Jan 88 1047, e Sie Tokio bs. Ud Kingm 512 '29. | Ud Kingm 5148 '37 Ud Steam Copen 6s Uruguay 8s. . Zurich 8s. A romBBonmnae 1% 111% MISCELLANEOUS. {Ajax Rubber8s... 1 944% Am Agr Chem 7%s 18 97i 1 Am SmIt&R 1st bs. 23 90 Amer Smelting 6s. 1007, Am Su€ar Ref 63 102 AmT& Tev és 4 1144 AmT& Teltr 6 96'y )AmT&Tcllr4l 915y Anaconda cv db 7s 294 Anaconda 1st 6s. 9614 Armour & Co 4%s. 14 83 Atlantic Refln bs 977y | Bell Tel Pa 5s ret: 96% 9615 Beth Steel 51,853, 90 89% i setn Steel rf 5 94 ©31% | i Keth Steel pm 5s. Beth Steel s f 63 | Brier 1 St1st5%s ¥n I3dison Ts D 9114 16'5 894 | 1001, s 114 i 9614 oL, ¢ 98y 984 ! 938 214 97% Ty ! I 109 5 €915 | i) 119 9734 o7 | 6 86y 891, | | Bush T Bidg 5s {Central Leather 53 Cerro de Pasco 3s. ile Copper 6: nGC&T5%s'62. nwth P 68s. ‘on Coal Md 1st bs Diamond Mth 7138 {Du Pontde N 733, | Duguesne Light 63 E Cuba Sug 7% Empire F&G 714 Fisk Rubber S IGen FElec Ieb 6s. ,Gnodrlch 6 j Goodyear Goodyear 8s 1941.. 13 ! Humble O&R 518’ 11 { lins Bell Tel 1st 55122 { Indiana Steel 5 i Int Mer Marine s A 0%, | Int Paper 1st 5s A. Int Paper 1et 58 R |KCP&LtssA 52 | Keliv- G- PP P A EE Tt TP | 901 | 105% | €815 18 | 954 | 115% | 96% ( 108 | Liggstt & Myers 7s Liggett&Myers ss. Lorillard (P) 7s. | Manat! Sug s Mexican Petrol 8s. Mich St Tel 1st 5 { Montana Power 53 Morris&Co 1st 4142 New Eng Tel bs Y Edsn st 61 YG EL H&P 4s NY Tel 6541 NY Tel 6549 N Y Tel 4%s. Am Edison 6 N States Pow bs. .. Northwst B Tel 7s. 1 Otis Steel 713s. Otis Steel 88 . Pacific Gas & El 5s PacT & T 68°52... PhilaCoref 6s A.. Plerce-Arrow 3: Public Service 5 Punta Alegre 7 Sharon St! H 8 Sinclair Ofl 7s.... Sinclair Oil 615 w . Sin Crude Ofl 5%s. RaSwlrnwa euBSaunnnconl 5 107% | i H 91 ! + 100% 60 83% 110 98% 9514 | 94 e 0 8 I Rio G West ¢l 43, B&OSW div3y B & O Toledo 4s. .. BKIRT 7821 ct... Canadjan North7s 2 Canad North 6%4s. 28 Canad Pac deb 4; Car Clinch & O & Car Clinch & O 6s.. Central Pacific 4 Ches & Ohlo cv b Ches & Ocv 414s EEEELELLT LT 100% | C ChiUn Sta 4%s... Chi Un Sta 61s. Chi & W Ind cn CCC&StLrf 6s A Colo & Sou 4% CubaRRSs...... Del & 110 1stre 4s. 10 Den&Rlio G con 4 D & R G 1st rf 5 Det United 4%s. N Erie con ext 7s. Erie gen 4s. Erle conv 45 D. Gr Trunk sf db ¢s Gr North gen 78 Gr North gen 5%n. Green B& Wdb B. Havana ERL&P 5s ud & Mz ref b Hud & Man aj 11 Cent ref 5 1l Central 534s... Int Rap Tran 5s. . Int Rap Tr P R ~H T e —tien { il R Transit {int & Nor aj t N Ist 6n Kansas City S 3s. Kansas City S b Kan City Term 4s. ake Shore 4s '31. Tehigh Valley 6s. Touis & Nash 0 Pacific gn 4 Montrl Tm 1st bs. N 'Y Cent gen 3 N Y Cent deb 4s. NYCentriss.... New Haven c d 6s. 49 New Havend 4s57 5 New Haven7s.... 48 New Haven 7s fr..498 NY W & Bos 435, 10 Norfolk & W cn 4s. Norfolk & W cv 63 Northern Pac Northn Pacr i 68 O Short L cn 5s '46. Cre Short Liref 4 Ore-Wash 1st rf 4s Pennsyl gen b3 Pennsyl gen 413 Pennsyl 68, Pennsyl gold Rapid Tran 6s w1 Reading gen 4s. RIArk & L4k%s L IM&S R&G aannd B3cproor Iirumprane S . G 15D u Pacific cv 43 Sou Pacific ref 4s.. cuthern Ry 1st 53 outhern Ry gn 4s iSouthern Ry 64s. Third Ave ref 4s Third Ave adj 58 Union Pac 1st 4s Union Fac lstrf 48 Union Facev 4s... Virginia Ry 1st 5s. \Wabash 18t 5 Western Md 4s Western Pacific 53 West Shore 1st 4s. = S empads e 60ty 79 8 o P cl,.,‘ LOCAL WHOLESALE MARKET. 87 85 8074 84% 95 7% 100% 1% 813 3% 93% 63% 84% 112% 112% 8% 2% 96% 85% 86% 85% 83 b2% 25t 9415 9414 604 8% 8 874 56 93y 101 57 BTl 86 35% 88 29 5% F34 981 | 4% 721 b4 a 27 614 son * 5% 67, 1007, | —Recelpts. 7 55 18 91 3 95% 941n 9414 €019 8% 8 TOTAL SALES (Par Value): lam. Establishment of universal ards for cotton, for which American | traders have striven jbulk d vears, has been ! 5.00: the Liverpool ¢ 89% | Association having adopted today the ! international agreement reached at la conference at the Department of { Agriculture here last month. nations represented at the producers and for the last sixteen accomplished. foreign 5642000 12 noon. 6115000 iCOTTON STANDARDS PLAN ADOPTED stand- “otton Other conference previously had ratified. STEEL FIRM BANKRUPT. | winter, garlicky FINANC !Grain, Produce and| l Live Stock | The usual Monday morning short {recelpts of products - from nearby | ipoints was reported by dealers. Prices | of most commodities were the same | |as at the close of Saturday's market. | Spring chickens, high all the ee son, are due for a drop, dealers stated, although the drop may not come until after the Fourth of July holiday de- | mand has been satisfled. Prices wers | a trifle easier thiy morning, however, but the big drop probably will not {come before Thursday. Fowls are scarce and higher. They have been plentiful the past month, but receipts the past few days showed a decided falling off, and higher prices resuited. | Eggs are reported much scarcer. iFresh stock is hard to get. it iy re- | ported, and prices today advanced 2 1to 3 cents. ! Kggs—Strictly fresh, selected, can- | dled, per dozen, 26; average receipts, 24; soutnern, 24, Live poultry—Roosters. per 1b.. 12; turkeys, per Ib, spring _chick- ens, per lb., 45 keats, young, each, 40; ‘fowls, per Ib., Dressed poultry — Fresh - killed spring chickens, per Ib. 50a60; win- ter chickens, per Ib., 45; hens. per ib., 28; roosters, per 1b, 20; turkeys, per Ib., 35ad0; keats, young, each, 70a80. Live stock—Calves, choice, per 1b. 10; medium, per Ib., %a9%; thin, per b, 6a7. Lambs, spring, per lb., 14; :n‘z“sp["' 3.0025.00 each: live hogs, per ‘Green fruits—Apples, per bbl, 4.00 | A9.00. California oranges, per crate, 15.0026.50; Florida, 5.50a7. per box, atoes, per b 1, 1.50a2.00; per sack, 2.00a2.75: new 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, 75a1.50; New Yorx, 2 Romaine lettuce, Cabbage, nearby, E; lant, per crate, n Ki‘l;r bo: o Florid: 2.00a5.00; Mississippl. per bo: per crate Beans, 4.0026.00 pe: { Peas, 2.0024.00 per basket. Peppers, per 7lord 2.00a4.00. Kale, per k Spinach, per barrel, J per crate, 006,00, 1.00a2.00. bea .M0a3.00 per basket. ., 1.00a4.00. GRAIN AND PROVISIONS. BALTIMORE. Md.. July 2 (Special). —Potatoes, new, barrel, 1.50a4.7 100 pounds, 75a1.50; 150 pounds. 1.50a 2.75; asparagus. dozen. 1.50a3.60; beans. bushel, G0al lima beans, bushel, 4.00a4.50; beets, hundred, 4.00 26.00; cabbage, crate. 1.00a1.50; egg- plant, crate, 5.00a3.50; kale, bhushel. : lettuce, bushel, 50a1.50: onions, bushel, 1.23a1.50; spring onions. hun- dred. 1.25a1.50; peas. bushel, 2.00a3 peppers, crate. 2.50a4.00; radishes hundred. 3.0023.50; rhubarb, hundred 00a3.00; <pinach, bushel, : h, | basket, 40a50; tomatoes, 3.00; blackberries, quart, 12a taloupes, 1.75a5.00; pound, gooseberries, : grapefruit. box. 2.50a4.00; quart. 20a25 peaches. crate, 3.00: pineapples. crate, 3.00a4.30; raspberrie: ; watermelons, pound, 6a huckle Selling Prices at 12115, No. 2 red winter, spot, 1.15; red winter, garlicky, spot, Sales—Baz lots of new nearby at 67 per bushel: 2.360 bushels of No. red winter, garlicky, new, on grade, 9 bushels of No. 3 red 4 icky, new, on_grade, at : 1.380 bushels ‘of No. 4 red . garlicky. new, on grade, at bushels ‘of No. 5 red new, on grade, at 1.003, Corn—Cob. new. 4.75 tract, spot, 57 per b 912; track corn. yello better, 1.00 and 1.01 Sales—None. ; No. 5 No, 2 per bu No. 2 per bu. 70a75 per bu.; No. 2 western export. spot, 74%. Hay—Receipts, 11 tons; for better descriptions of "timothy and light- mixed hay there is a steady demand 20.00 per ton. The percentage of | ood ray and low gadres are in full {supply at_regular prices. { aw- No. 1 tangled rve, 3 0. 1 wheat, 12.50a13.0 . nominal, 14.00a15.00. CHICAGO LIV CHICAGO, Department 15.00a STOCK MARKET. July 2 of Agriculture).—Hogs .000; fairly active; bet- jter kinds around 10 lower: some others off more: bulk desirable to 250 pound averages. 7.00a7.1 bid for sorted light, butchers. 6.85a7.0 i 715 250 to 350 pound packing sows bulk _desirable 6.40a6.60: heavy weight hoge, 6.50a7.05; medium, 6. 5; light. 6.60a7.10: light light, 6.50a : packing sows, smooth, 6.00a6.3 rough, 5.60a6.10; kil .00a6.60. Cattle—Recelpts, 15.000: slow; un- even: most killing classes strong to 15 higher early; spots more on me- jdlum yearlings. early top matured 11.10; some held around 11.50; carlings, 10.00; several strings, plainer kind lower grades fat cows slow | better grades ing noted and heifers bulls about a considere stockers and feeders d irable bologna bulls, 4.65a bulk vealers to packers, around i upward to 10.30 to outsiders; bulk desirable beef heifers, 7.5 bulk beef cows, 4.25a6.50. heep—Receipts, 10,000; fairly ac- tive, around steady; bulk desirable natives mostly 15.50; early top to city butchers. 15.75: culls, 8.50a9.0 dingers downward to 7.00; sheep gen- erally steady. DAIRY PRODUCTS. higher per bbl.: con- | 2" corn. | or | right along at a_range of 19.00 to | (United” States | 1AL, s DIVDEN CHECKS BOOST DEPOSTS Local Banks Welcome Rush of Funds—Trading Dult on Exchange—Notes. The present badly depleted deposit accounts of District banking institu- tions will be materially augmented during the week, beginning today, by the addition of some eight to ten millions of dollars, the result of the redeposit of semi-annual dividend checks, Interest coupons, bank divi- dend disbursements, etc. It was pointed out that the major- ity of rallroad and industrial cou pons fall due on July 1, rhany of which are held by Washingtonians. In additton, several large local utili- ties likewise pay interest obligations at this time, together with a grea! number of banks. While it is, of course, impossible to estimate with ahy degree of accuracy the total amount of the influx, it was conser vatively estimated by leading bank ers to approximate at least the sum named above. These redeposits will make a we come addition to the institutions’ cof fers, as the pinch of a money shortage has been felt here during the pas several weeks. Bond Offerings Running High. A total of $195,000.000 federal land bank bonds, and $102,250,000 join: stock land bonds have been offered to the public thus far this year, com pared with a total of $267,000.000 fed- eral land bank bonds and $119,415.000 joint stock land bank bonds offering during the whole of last year, thus proving the growth of the farm loan system has not as yet passed its peak Froceeds of $55,032,000 of the federa! land bank 43%s. offered in April, werr devoted to payment of a like amount of 5s called for payment on May 1 but In like fashion $42,000,000 of foderal land bank bonds offered May, 1922, were sold to reimburse th government for lik bonds held in the Treasury Taking the actual money r: the farmer by bond offerings. eral land banks have done financing to the extent of $139.958 - 000 during the first monthis o 1923, compared with $150.000.000 i the corresponding period of last vear. Also. the joint stock land banke hav- financed to the extent of £102,250.000 in the first six months of 1923, ax against $59,240.000 in the correspond ing period of 1922, Larner Returns to His Deak. | John B. Larner, president of th- Washington Loan and Trust Com- pany, returned to his institution th morning after an absence covering = month. The high lights of his trip were his attendance at the gradui tion exercises of his daughter a: Wellesley and an 1,100-mile automo- bile trip With nary a puncture. Local Exchange Dull. Securities listed on the Washi Stock Exchange failed to emerg from their lethargic state this morn- ing. Washington Gas stock was un changed at 43, as was Capital Trac- {tion_at 100%. Commercial Nationa} {Bank was active, with 110 shares jchanging hande at 14013 Lanston told to the extent of ten shares at The bond department was almos: neglected. Potomac Llectric deben ture 6s sold at 993 and Washington Gas 5s at 93. Five per cent was bid for mone with 6 asked New £40.000.000 Bond Ofering. The Youngstown Sheet and Tuhe Company is today offering $40.000,000 of twenty-year € per cent debentur gold bonds. They are dated July 1 1923, The issue is redeemable at the op of the company on any intere {date upon thirty days' notice at 10 and accrued interest. as a whole only (except for the sinking fund), up to and including July 1, 1933, and there- after also by lot at that figure in amounts of $1.000.000 and multiples thereof. A sinking fund is to bs provided commencing July 1. 1824, sufficient to retire $750,000 bonds ai nually through purchase at not ex- ceeding 105 and accrued interest, or redemption by lot at that figure il C C ORDERS NEW Q RATES ON GRAIN Railroads in West Instructed to File Schedules Before | September 26. Readjustments in the rates on grain and grain products when ship- ped Into Arkansas from Kansas City or from Oklahoma producing points were ordered today by the Interstats Commerce Commission. The present rates from Kansas City to Little Rock are reasonable, the jcommission held, but rates frem ths me point of origin to Cotter. Bates- e. Newport and similarly located points should be s than those ‘uhar:td to Little Rock ©n the other hand, the rates to Hor | Springs, Pine Bluff, Prescott, Warren !and a number of other points should be formed, the commission ruled. by adding amounts ranging up to 6 cents a hundred pounds to the Little Rock rate. The revision of the rates from Ok- lahoma must conform to a distance Sinclalr Ol Sinclair p 28% i Skelly OIl. 84 |Sloss-Shetiield 23% | FORT WORTH, July —Because 931 | wool growers In this state are unwil- 17% |ling to accept bids for their clips at 41% | present prices, the market has prac Sin Crude Oil 6 Sin Fipe Line 5i St Of1 of Calit Steel & Tube CLEVELAND. Ohjo, July 2.—An in- voluntary petition in bankruptey was filed in United States district court here today by the Youngstown Struc- The Replogle Steel Company re- ports a net loss of $109,865, after taxes and depreciation for the quar- ter ended March 31. scale, the commission ruled, which in general will decrease the present cost of shipments of grain into Arkansas. The scale allows a charge of 7 cents 96% 843 | 104 974 | Gen Am Tk Car. | Gen Asphalt. 43% 27% 64 dau | BALTIMORE. Md. July 2. (Spe- cial).—Live poultry—Spring chickens. 40a52; small leghorns, 30240 Wilson & Co., packers, announce they will ship a large amount of provisions for sale in their branches in England on the initial trip of the steamship Leviathan. Notwithstand- ing the depreciation in exchange packers are making larger exports to Europe than a year ago. Reorganization of the International | Agricultural Corporation will not in- volve any assessment on common or preferred stock. President Watson announced this today. George W. Davidson, president of | the Central Unfon Trust Company. and A. J. Brousseau, president ' of Mack Trucks, Inc., have been elected ! directors of the Rhode Island rail- road to fill vacancies. Publication of the joint New Eng- land rallroad committees report op. | posing plans for the consolidation of the New England roads inta outside ! truck systems and urging “rehabili- iatlon by co-operation,” as the only way to avoid the receivership for the New Haven, today sent New Haven railroad stock down 1% points to 13, the lowest price this year. In the bond market, New Haven 78 and Franc 7s advanced 1' and % points, re- speetively, while New York, West- chester and Boston 41is, interest on which is guaranteed by the New Haven, dropped 13 points. New York bank clearings, $887,000,- 000. New York bank balances. $111 000.000. New York Federal Rese Bank credits, $95,000,000. Boston bank clearings, $68,000,000. Packard Motor Company in first six months produced approximately 12.- 000 cars against 5.800 for the same peried 1922, and 9,600 in last half 1922, July output is scheduled for 1,500 single sixes and 500 single| eights. H The Harvard Economic Scryice takes a hopeful view of-immediate future of business. Gen Asphalt pf Gen Cigar...... Gen Electric. Gen Elec spl. .. Gen Motors Gen Mot 6% Glidden Gimbel Bros. Goldwin Corp. Goldwin (new). | Goodrich. ... Goodrich pf Goody pr pf w Goodyear pt. Granby Conso Gray & Davis Gt Northern pf Great Nor Ore. Gt West Supf.. Greene-Canan. Guantana Sug. . Gulf Mo & No Gulf St Steel. . Harbishaw Cab. Hartman Corp Hayes Wheel Hendee Mfg. ... Homestake. .. Househ'd Prod Houston OIl..... Hudson Motors. Hupp Motors. .. Hydraulic Stl. Illinois Central. Indian Refining. Indiahoma. Inland Steel. Inland Steel pf Inspiration. .. Interb Rap Tr.. In Ag Chem pf Int Cement In Combust & Int & Grt North . Int Harvester... L 106 5% 4% 33% 98 28% 9% T 321 20% 20 7 Int Harvester pf'108% Int Mer Marine. |Int M Marine pt. Int Nickel . Int Nickel pf. Intl Paper. Int Shoe 5% 224 124 1% 35 65 T 81 172 104% 12% 807% 82 |'South Pacific. 178 | Southern Rwy. . 10% | Southern Ry pf. Spicer Mtg Co. . Spicer Mfg pf... St Oll of Callf. .. Stand Ol of N J. StOll of NJ pf.. Steel & Tube pf. Sterling Prod. .. Stewart-Warne: Strombg Carb. . Studebaker. ... Submarine Bt. .. Superior Off.... 3% ‘Tenn Copper. .. Bl Texas Company. 41% 55% 116 105% 51% T4% 59% 983 8% lm Tex Gulf Sulph. 6% | Texas & Pacific. 17% 11% | Tex& PC & Oll. 104 69% | *Tex PacLd Tr. 295 s | Third Avenue... 9% 81" | Tide Water Oil.. 9¢ §13; | Timken Bearing 3¢ 12| Tobacco Prod... 47% 62 |TobaccoProd A. 76% 285 | TOI StLAW pf.. 58 21 | Trans Cont Ol.. &% Song j Underw'd(new). 41 17 |{UnionoOll....... % Union Pacific... 127% Unfon Pac pf. Un Tank Crpf.. Un Alloy Steel. . United Drug. United Fruit United Ry Inv Utd Ry Inv pf. Utd Retall Strs. 70 21% 21 USHoffman M.. 15% 214 0% U 8 Steel pf. . 118 Utah Copper. ... B6% Utah Securities. 15 16% Vanadium Corp. 25% 26% 86 83'% 65 13% 90 50 3245 116 107 52 7 61% 101% 8 3 8% 41% 53% 18% 10% 280 10% 96% 36% 1% 21% 2% 15% 44% 91 41% 22t 91% 8% 56% 15 28% {tically disappeared from the ranges. Buyers from the north and cast have gone home and those who live in this state are inactive. Qgowers, owing to their refusal to accept less than 5314 to 54 cents a pound, which prices the Texas clips brought earlier in the year. have about 6.000,000 pounds of wool on their hands. However, about 18,000,000 pounds has been sold at prices ranging from 40 to above 50 cents, so that grow- ers can hold the remainder of their product for higher prices without serious_financial inconvenience. % 21 52 % 201 52 16% 7 84 257 16% 134 36 112% 9% 174 15% 133 103% 6% 52% 6% 12% 24% 46% 7 19% 5% 61 27% 230 24% Va-Car Chem... Va-C Chem pf.. {ValrCoal &C.. Vivadou. .. Vulean Deti i Wabash. . { Wabash pf (A). | Waldorf (new). Web & Heilbrn. Wells-Fr Exp. . West Elec pf. .. Western Md. ... Western Md. 2d. West Pacific. West Pac pf. Western Union. West Air Brke. . Westhse EI&M. Wheeling&L E. Wheel & LE pf. . White Eag Oil.. White Motor. .. Wickwire Wilson Co Willys-Overid. . Willys-Overl pf. Wisconsin Cent. Woolwort| ‘Worthingt T% 22 52 % 2 52 164 7 813 27 16'% 13% 36 2% 10 18% 15% 554 104% 767 53% 6% 12% 46 2% 27% 230 24% High. Low. Call Money . 6 5 l HOURLY SALES OF STOCKS. ' 11am.....322100 1Im. 510100 1pm.....660100 2p.m. 125 600 103 | 1024 i i 103% | 106% | 86 ¢ 106 s 102 86% 793 611% 199 95% 95% 104 Tide Wat Oil 6153, Tobacco Prod sf 7s Toledo Edn 18t 7s. 'S Rub 1st rf 68 U'S Rubber 7% USSteel s £ 58. Utah Pow & Lt 5 Va-Car Chem 7s. Va-Car Chm 734, { West Union 63 Wilson & Co 1st 63 Wilson&Cov Ks. 3 954 I Winchester AT%s 1104 104 " - - aaBnBaBacaanbac —_— TODAY’'S COTTON PRICES. NEW YORK, July 2.—Cotton fu- tures opened barely steady; July, .16; October, 24.55; December, 23.98; January, 23.60, March, 23.50. Futures, 11:45 am. bids steady. July, 26.70; October, i.34; December, 23.80; January, 23.48 NEW ORLEANS. July 2—Cotton futures opened qulet. July. 27.16; October, 23.89: December, 23.48; Jan: uary. 23.39; March, 23.22, Futures 11 a.m. bids, steady. July, 26.85; October, 23.56; December, 23.19; January, 23.07; March, 23.00. BUTTER PRICES DROP. CHICAGO, July 2.—Butter lower; creamery extras, 37%; standard 364; extra firsts, 3515a36%; firs 33a34; seconds, 32a32%. Eggs lower: {recelpts, 23.443 cases; firsts, 20%a21; ordinary firsts, 19a20: miscellaneous, 20a201:; storage pack extras, 23%a 23% ; storage pack firsts, 23. VISIBLE GRAIN SUPPLY- NEW YORK, July 2.—The visible supply of American grain shows the follcwing changes: Wheat decreased 30,000 bushels: corn increased 202,000 bushels; oats decreased 1,266, 000" bushels; rye decreased 1,091.000 bushels; barley decreased = 56,000 bushel: . tural Steel Company. Liabilities were ed at $26.000 and assets at $13.500 by William company. —_— BOSTON STOCK MARKET. July highest, lowest and closing Jones, secretary of the —Following is a list prices for the most active stocks dealt in here: Ahmkee . Am Tel & Amoskeng . 53ty 1201 &0 Boston & Albany Boston & Maine. Roston Elevated Calu & Ariz. Calu & Hecla carson Hill Min Connor J T. Copper Range Dais Daly East Butte tern S §. Elder Corpn Franklin dner M dy_Coal . Hood Rubber . Teland Creek - Iste Ro: Libby MeNeil & Libby Mass Gas .. Mayflower 0 C. Mohawk Nat Leather New Cornella North Butte . 01d_Dominion Osceola . Pacific M| Quiney St Mary! Shoe Mach . Shoe Mach pfd Superior & Boston. swift & Co.. Swift Internat . Trinity . e U 8 Smelt pld...... Utah Metal Waldorf Walworth . 5 119 0 W 83 148 1315 143 287 10 L] hens, 21a25; leghorns, 18420; . 13a14; ducks, 15a20; 28a30; plgeons pair, off native and southern. 22a23. good to fancy. 37a41; prints, 42a43; nearby creamery, 35a38; ladles, 34a3b; rolls, 30a32; store packed, 30; dairy prints, 30a32. TODAY'S CHICAGO PRICES. CHICAGO, July 2.—Influenced large- 1y by absence of any important de- mand. wheat averaged lower in price today during the early dealings. Fine weather in all directions counted as a bearish 4actor and so, too. did a little liedging pressure. Higher quotations at Liverpool led at first to some Strength here, but it was explained that the firmness at Liverpool was due to smaliness of world shipments. The opening here, which ranged from 15 to 15 higher, September, 1.03% to 103%, and December, 106% to 1.07, was followed by a setback to well be- low Saturday's finish, and then some- thing of & rall nearby per hundred pounds for distances of ten miles. with proportionate in- creases ranging up to 40 cents per hundred pounds for distances up to $00 miles. Roads were instructed to file new rates on or before September 26. Rates on hay are also to be fixetl under a somewhat similar distance scale applying between Oklahoma and Arkansas. ZINC MINES ARE CLOSED AS PRICE IS LOWERED Special Dispatch to The Star. ST. LOUIS, July Z—About 90 per cent of the zinc and lead mines in the tri-state fields In Missouri, Okla- homa nad Kansas were closed down today. throwing about 15,000 miners temporarily out of work. Some of the properties will remain closed for two weeks and others will continue to remain inactive until the zinc output has readjusted itself. About Corn’ and oats swayed with wheat, Scantinefs of offerings in the corn market at the outset had only a transient bullish effect. After open- ing at % off to % advance, Septem- ber, 75% to 76, the corn market un- derwent a general sag. = Oats started unchanged to 3% high- er, September, 36%, and later showed a slight decline all around. Provisions were lower in response to a setback in hog values. WHEAT— Open. High, July ... 1.03% 1.08% September 1081, 1.04 Decembe: 2 COR July eptember December . OATS— July 2 September December . LARD— Tuiy septem 1BS— July .. ‘September 10.72 1097 10.90 837 100 operators agreed to the curtail- ment a8 a result of the recent drops in the prices of these two metals. The production of zinc ore has been at the rato of about 14,000 tons a week, and the annual value of the zinc output of the field Is about $2 000,000. WEEK’S PRICE AVERAGES. Purchasizg Power of Dollar Was 64 5-10 Pre-War Cents. Special Dispatch to The Sta: NEW HAVEN, Conn.. July 2.—Last weelk’s prices averaged 155 per cent of preswar level. The purchasins power of the dollar was 64 5-10 pre- war cents and the average for Juuc 158 per_ cent and 63 2-10 pre-war cents. The average for the second quarter was 163 per cent and 615-10 pre-war cents.