Evening Star Newspaper, July 3, 1923, Page 14

14 L FINANCIAL. Kennecott. .. Keystone Tire.. 4 | Kresge (S8).... 210 LE & Wnotfs.. Sagging Trend as Bears |Am ax Chm pt.. ooy s : NEW YORK STOCK EXCHANGE | BETTER FEELING |=~=" ¥oxx BONID'S stoc excuavce ]| Grain, Produce and ¢} BV Bl OH L —— . Recelved by Private Wire Direct to The Star Office. Live Stock ' INFINAL TRADING.......... = TOWORKINMILLS AlF Reduotion. 1011 means 101 1-33.) per dozen, 27; average receipts, . Ajax Rubber. Sales. Hil Alasks Juneau.. : & . Y Atlantic C B oy gl B LE& W ptctrs. Liberties and Other High- X 18 Sins ot 988 |Atandocr . Ber 10 40a5i; Keats, young, Am Agr Chem.. | Lima Locomo 98-8 B&Oprinay 40; fowls, per Ib., 789 98-10 B&O6s... spring chickens, per 1b., 50a60; win- US4%s1963. 48 99-18 BtOevu‘. ter chickens, per 1b., 35; hens, per FINANCIAL, THE EVENING STAR, WASHINGTON. D. C., TUESDAY, JULY 3, 1923. TUBKS Gu- I'UWE Received by Private Wire Direct to The Star Office (Sales are in $1,000.) RAILROADS. lN BUND BIRGI—ES (Fractions | opropent thinty - séconds. | Ann Arbor ke i i eider "omnm..::::,m:n. Air Reduotion. . Exam; g . o e "’um-;i 100-16 | Atlantio C L 1at is H ve. Boultry- Pivotal Shares Maintain|jicd.chem - B = oe gme, ber’ 16 40a5i; keats, young, each, Get Better Pay in Overalls Grade Issues Higher on $i8 foli|paogoia e 4 1% Drome | boultey - remn-ilied| Than on White-Collar Jobs Small Turnover. B&Oret s, Ib, 28; roosters, per Ib, 20; turkeys, AEE Beet Sg pf.. osch Am Beet Sugar. Loft Inc. Push Selling Drive. BY STUART P. WEST. Special Dispateh to The Star. NEW YORK, June 3.—A number of weak spots were developed in the market today following Monday's re- covery, but these, while producing a great deal of irregularity, did mot precipitate further liquidation in the general list. In view of the report of the special committee on New Haven affairs, some sort of capital reorganization is looked for and the stock broke badly again. For the last two months, to be sure, New Haven has been able to more than cover fixed charges, but taking the year as a whole, and allowing for seasonal | variations, it is very certain to fall considerably short Brenk In Atlantic Guif. The break in Atlantic, Gulf and the lowest of the year was naturally accompanied by rumors that Some + of overhaulifig of capital aceount be in prospect for this prop- There was, however, no n for these reports. It was recailed that Atlantic Gulf com- mon in 1915 sold as low as 4 without' n reorganization resulting and that fn 1919 the same stock was up to 192. ‘evertheless, a relling price below de and in the oil trade the way y are now, i€ a suspicious circum- The president of the com- pany in the 1922 Yeport stated that the tanker fleet was fully occupled. | a¢ian Cst Line ounts kave had it that the i wns teht bustness was picking up. But | g2 @ Crit eamship profits must be very 1. if they unt to anything at! while th cline in n;‘l prices | it more doubtful than ever | E Guif stands with | Atlas Powd pt.. el O |Atlas Powder (n t \rd to its Investments In oil prop- fos. Central Leather Wenk. ntral Leather was another stock in which there was evidently left over liquidatign. It made a new low for tre vear. Reports that earnings of the company have recently ~been showing marked {mprovement are very much doubted, in view of the rket action of Central Leather res. There is a long record of the reet being badly fooled by private timates regarding the earnings of | is company. today's financial situation the re important developments were sther new low for the year in Am Brake Shoe. Am Car & Fay.. AmCar& Fpf.. Am Chain (A) Am Cotton O11 Am Cot O1l pt. AmH & Leath.. Am H & Leapf.. Am Loco (new). Am Metals. . Am Radiator. Am Safe Razor. Am Ship Com. Am Smelting. Am Sugar pf. Am Tel & Tele, ‘Am Tobacco i Am Tobac (B).. West Indies of some 3 points to much i Am Tob pt (n),. Am Water Wks. Am W W 7% pf. Am Woolen. ... {Am ool pf f pd 100 Am Writ Prpf.. Am Zinc & Lead Am Zinc&Ld pt. Ann Arbor pf... Asso D Goods. .. with conditions {n the shipping | Asso D G 1st pf. AssoD G 2d pf.. Assoclated Oil. . ‘Austin Nichol; Auto Knitter. Baldwin Loco Balto & Ohio. Balto & Ohto pf. *Bank of Com. . Barnesdall (B). Beechnut Pack. Beth Steel. . . Beth St1 7% én). Beth St1 8% pf. . Br Em Stl 2d pf. Bklyn Edison. .. Bklyn Rep Tran Bklyn R war 2d.. Louls & Nash. Mack Trucks. .. Mack Trucks 1st Mack Truck 2d. Macy Co........ Mackay Cos pf.. Magma Copper. . Mallinson & Ce Manati Sugar... Man El inv guar Man Elev scrip. Market St prior. Marland Oil. ... Mathison Alkili. Maxwell (A).... Maxwell (B). May Dp Stores. . McIntyre Por... Mex Seaboard Mex Seabd ctfs. Miami Copper. Middle St Of). Midvale Steel. .. Min St P &SSM. . Mo Kan & Tex.. Mo K & Tex pf.. Mo Pacific Mo Pacific pf. Montana Power. Montg'y Ward. . Moon Motor: Mother Lode. Mullins Body. ash Motors. atl Acme. Nat Biscuit. Nevada Copper. Y Central.. Y Ch&StL ctfs ¢ C&StL 1 ctfs. 1&Harttd. Y O & Westrn. orfolk South. . orf & Western North Amer. ... North Am pf.... North Pacific. .. ©Ohio Bdy & Blw. Orpheum Cireuit Otis Steel.. . . Owens Bottle. .. Pac Gas & Elec. Pacific Mail Pacific Oll. . . Packard Motor. Packard Mot pf. Panhandle. . . Pan-Am Pete. .. Pan-Am P (B).. Parrigh & Bing. Penn Coal & Cke Pennsylvania... Penn Seabd Stl. BY GEORGE T. HUGHES, Bpecial Dispatch to The Star, NEW YORK, July 3.—While prices were not much changed, & better feeling was evident in bond circles today. The market for high-grade securities was firm, although not very active. Libertles were all higher. One of the most encouraging fea- tures both yesterday and today was the buying of United States govern- ment loans. The activity centered in the old 4%s, especially the second and fourth 4%s, the two issues which have been selling the lowest. High-Grade Rails Bought. There Was also some buying of the very high-grade ralls and industrials, notable examples being United States Steel sinking fund &s and Pennsyl- vania railroad consolidated 43s. The last named is secured by first lien on some of the Pennsylvania's most valuable mileage and is generally dered Pennsylvania's best bond. There was also a fractional advance in Northern Pacific @s, one of the highest ylelding of “legal” rallroad bonds. Among forelgn fssues there was some heavinews in French bonds, as might have been expected from the |character of the news from abroad, as well a8 the extreme nervousness manifest in London. The declines were not large, however, and consid- ering the recent weakn in franc exchange, the bonds held well. As has been the case ever snce the; were firat offered and oversubscribed, the new Austrian loan was very { steady. Czechoslovak 8s and city of Greater Prague 7%s sold higher. The |Anton Jurgen 6s had quite a sharp {break, selling down to within 3 points j of the low for the vear. New Haven Donds Stronger. Among the speculative rails the fea- ture was the strength in the Erie especially the general 48 and the co: vertible 4s, s . The Erie ha been showing remarkably good earn ings of late, but the bonds still sell a reorganization ag, did New Haven stock. Probably the price for the bonds has discounted to some extent the unfavorable conditions. There was continued heaviness in the St. Paul {ssues, but little change in quotations. ORANGE AND LEMON Argentine s Austria 7s ctfs. 9. Chile 8s 1941, . 2 Chinese Gov Ry 68 6 Copenhagen 5% Cubaithswi. Czechoslovakia 8s. Denmark 8s.. Dutch East I 6s Dutch East I 6 Queensland 7s Queensland Rio de Jan 8s 19, Rio Gr Do Sul s Sao Paulo.Staty Seine. Dept ot, 7 Serbs Crotes 81 Solssons Sweden 68 Swiss Confed 8s Toklo Bs.... Ud Kingm 5% '29. Ud Kingm 5%# '37 58 Ud Steam Copen 68 4 Jruguay 8 Zurich 3. . MISCELLANEOUS. 1 95 Ajax Rubber 8s. .. Am Agr Chem 7%s Am Chalnsf 65’33 Am Smli&R 18t bs. " USSP Ty les. High. Low. 01 95 ¥6% Yzv 89% B&O PLE&W B&OBW alv 3 B & O Toledo 4; Canadian Nortn 78 Canad North §3 Canad Pac deb 4 Car Clinch & 0 Car Clinch & 0 g;n(rll Pacific . 1 Chi Great West 4s. cnlmasPru;::, Chi M&St P ov Bs. ., 4 Chi M&St P 4525 Chi M&S P ov i%s Chi M&St P 4s '3 CM&StPgn4 Chi& NW g3, Chl Rys by Chi R Ind cn Chi & W Ind 7% CCCAStLrf6nA. Cleve Term 538, Colo & Sou 4%s. .. CubaR R 7%s.... Cuba R R 6 - Del & Hd 1st rf 4s. Del & Hudson 5% Den&Rio G con 4s D&RG1strfbs.. 1 Det United 434s. .. Erfe 1st con 4s Erle con ext 7; Erie gen 4a, Erfe conv 48 A Erie conv 4s D Gr Trunk st ab 1 GreenB& Wdb B. Havana ERL&P 58 Hud & Man ref 5a. 111 Central 514 Int Rap Tran bs... 41 Int Rap Tr 5s stpd. IntR Tranatt oo, o 1 Towa Central rf 4s 16 Iowa Cent 1st bs 3 fianlnlCIUBfll . 13 Lehigh Valley 6 Lou Louls & Nash 5%, per 1b., 35a40; keats, young, each, 70a80. Live stock—Calvi cholce, per 1b., 9a9%; thin, per Lambs, spring, per Ib., 14; ll'"’rila‘ 2.00a8.00 each; live hogs, per Green frults—Apples, per bbl, 4.00 a9.00. _California oranges, per crate, 5.00a6.50; Florida, 5.50aT Lemons, por box, 8.00a11.00." Grapefruit, 4.0085.00. lackberries, per qt., 6a20. Peaches, 4.00a4.25. Cantaloupes, standard, 4.008 4.80; pony, 3.00a3.50; flats, 1.50a1.75. Vegetables—Potatoes, per bbl. 1, 1.50a2.00; per sack potatoes, per bbl. 2, 1.00a2.50; sweet potatoes, North Carolina, 2.50a3.00: K. 1.00a3. Lettuce, per crate, nearby, 76615 New York, 2.00a2.50. Romaine lettuce, per crate, 75a1.50. Cabbage, nearb: 2.00a2.60 per bbl. Eggplant, per cra! 2.0023.00. Tomatoes, per box, Florida. 2.00a5.00; Mississippl, per box, 1.758.2.00 per crate. Beans, 4.00a8.00 per barrel. Peas, 2.00a4.00 per basket. crate, Florida, 2.004.00. Kgle, 75a1.25. Splnach, per barrel, Celery, per crate, Florida, Squash, 1.00a2.00. Florida 00n3.50 per basket. As- 24.00. GRAIN AND PROVISIONS. BALTIMORE, Md., July 3 (Bpecial). —Potatoes, new, barrel, 1.50a4.7! old, 100 pounds, 75a1.50; 150 pound 1.50a2.75; asparagus, dozen, 1.50a3.60; beans, bushel, 60al.26; lima beans, bushel, 4.00a4.50; beets, hundred, 4.00a 6.00; cabbag plants, crate, 7 lettuce, bushel, 50al H bushel, 1.25a1.50; spring onions, hun- dred, 1.25a1.50; peas, bushel, 2.00a3.50; peppers, crate, 2.50a4.00; radishes, hundred, 2.00a3.50; rhubarb, hundred, 12.0023.00; spinach, bushel, 1.50 squash, basket, 40a50; tomatoes, ba ket, $.00; apples, barrel, ~2.50a4.50, bushel, 1.00a1.75; blackberries, quart, 12a18; cantaloupes, crate, 1.76a5.00; cherries, pound, 8a20; gooseberries, pound, 6a8: grapefruit, box, 2.50a 4.00; huckleberries, quart, ' 20a2 oranges, box, 4.50a6.80; peaches, crate 3.00r4.560; pineapples, crate, 3.00a4.50: raspberries, pint, 8a20; watermelons, each, 20a75. Selling Prices at 13:15. ‘Wheat—No. 2 red winter, spot, 1.16; No. 2 red winter, garlicky, spot, 1.083% Sales—Bag lots of nearby at 1.01, 1.05 and 1.08 per bushel; car lots of No. 2 spot at 88; car lots of No. 3 spot at 86. Corn—Cob, new, 4.75 per bbl.;con- tract, spot, 57 per bu.; No. 2 'corn, 89; track corn, yellow, No. 2 or bet- ter, 1.00 per bu. Sales—None. in Offices. 4/ BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, July 3.—The lure of the dollar i{s becoming stronger than the lure of the white collar to tha high school and college boys of tha United States. More high school and college youths will go to work in overalls Thursday morning than ever before in the Industrial history of this country. Prospective pay envelopes are so large in the mills and factories that tbey outweigh any fear the modern youngster may have, even of twelve- hour days and dirty hands. The steel plants are drawing hundreds of boys who normally would seek office jobs now that they are through their school year. But there is an over- abundance of white collar workers, while there are plenty of overall Jjobs paying from $5 to $12 a day. Factory and mill production will be cut down this week not only by the lay-offs incident to the national hollday, but to the fact that many plants will selze this opportunity at the opening of the second half ear to take Inventories, and make plant alterations and repairs. Metal Mines Curtail Operations. The tendency toward keeping plants closed for some time is esbe- clally noticeable in the non-ferrous metal mines. Prices for lead, zince and copper all are low and mine own- ere have already shown an inclina- tion to reduce output. In that re- spect they differ from the oll opera- tors who have not been able to bring themselves to cut production in many districts, although repeated warnings have been given that continued over production can not but result in still lower prices. One bright spot in the situation surrounding agricultural products is the apparent willingness of Japanese buyers to take new crop flour for early dellvery. The prices the orfen- tals are willing to pay are not high, according to northwestern millers, but they are based on prices of 85 to 90 cents a bushel at country's points. Forage Short in Some Sections. A part of the southwest today is facing a feed shortage and this may prove sufficient to bring the hay crop to a dangerously low point. In Ar- kansas less acreage has been planted to feed crops there than for many years. Strong efforts are being made to induce farmers to plant cowpeas, s dan grass, sorghum seed, Spanish pe sierling exchange, a further decline | Brown Shoe. . Pere Mamquette. stton prices, following Monday's | Burns Bros (A). ment report, a distinctly easier | Burns Bros (B). Manhat Ry cn Oats—White, No. 2, 52% per bu.;|Ruts, soy beans and sweet potatoes on Market St en 5 5 No. 3, 52 per bi. land where cotton will not make a Rye—Nearby. 70a75 per bu.; No, 2, [8tand or which was flooded earlier western export, 8pot, T4%. KBS venr: Hay—Receipts, 14 tons; for better| Merchants throughout the south- descriptions of timothy and light- ";‘9" are aiding this campalgn mixed hay there is a steady demand |NroUgh their salesmen, who are dis- Tient along at a range of 19.00 to |tributing circulars in all the towns 53700 per ton. - The percentage of good | they Visit. Bankers and civic bodies Fhifagimi Co PRICES TAKE DROP | A, jmeicesse i5h Phila Copf. . 114% cy in money lC(}Ompanl‘\l by gu{noé)r Pt (B). Philip Morri AmT& Teltr 9 6 964 hardening of investment | Butte Copper. Phillips Pete. 3 N Am and an unsettied stock | Butte & Super. Pierce-Arrow. Georgie Peaches Allo Docline[InTRES 1% Plerce-Ar pf. i i Nierling retraced some of tts lont |C81do OIL M Sharply in Markets in Armour & Co 4% e ground later in the day, but not until | Plercs Ofl > St o Ber o | Calif Petrol. ree P b Atlantic Refin 5s.. MK & T adj 5s v v . {are aiding farmers to buy seeds for it had sold below $4.56, which meant | PItts Coal New York. AL e Tetnoe.. Mo bt hay ‘::ng!;?“‘n”s;:?:&nre In"gulll sup- | e, e crona tn Memphis Bt Tonte ent drop from the February |Calif Petrol pt.. 4 : n " Callahan Zinc. .. Plts& W V... Beth Steel 5% '53. : e T P aekled rye, 15a00a |TeXarkana and other market 'ostum Cereal. . 1 he drop in the call money rate |Calumet & Aris. e T Special Dispatekito The Star. iseth Steel rf 68. .. 16.00; No. 1 wheat, 12.50a13.00; Jewelry Sales Improving. Were the ordinary sequels to the |Case Plow Wk, Pub Service. (fruits of most varieties declined un- | yrjer H St 3 TODAY'S CHICAGO PRICES. e o o el e release of the large sums tied up in | Case (J1) pf.... Pub S"“’?,’- of.. ider increased receipts. At the auc- | Bklyn Edison 78 D 2 CHICAGO, July 3.—Bears had the|Seattle, president of Joseph Maye the mid-year settlements. Central Leath. .. Pullman Co..... tions, oranges were from 15 to 40 |Bkiyn Ed gen advantage in the wheat market today | Inc., manufacturers of jewelry, silver- Review and Outlook. Gent Leath pt.. ;3::301*11“"- | cents per box lower than yesterday, ‘é‘""‘,’ L;uher s e ;‘g;g{;bé‘; e e ity = en! of NJ.. i s erro de Pasce v .’ , ‘“our T sastiios L’;"L‘é‘o“:el‘lffifi.‘{;‘:u‘.fif Cerro de Pasco. . Rapld Tran Sec. wiifls lamons \aecitned fram $1.86 o} -FoEEltn il w Haven d s 57 the domestic crop was reported and | business since January 1 has been & for a quick turn: the slacken- | Chandler Mot. .. Rap Tran Sec pf $2.00 per box, owing to the cooler | Commonwth P 68 New Haven 7s. Liverpool quotations showed a de- |30 per cent greater than for the cor- i e ht ChesapAiONIG My reidd { weather. Con Coal Md 1st 5 New Haven 7s fr.. cline, " Sellers, however. =‘were | ronponding period of 1922. " Business terest upon which the recovery had | Ches & O pf wi. Reading. jeorgia peaches sharply declined, [ Consum Pow 58 '52 N Y State Ry 4lzs. 1 z:::.:;;' .":4 pecause of some a‘llk :w” = :;l'; ‘mmo‘.fm"m ot i been lurgely dependent; and finally, | Chi& EastI1l. . Reading 18t f owing to the very limited demand |Cubmn-Am Sug 8s. NY W & Bos 4%5s. 74 SMERent that Insnsleat wiiant might] foaton o oo i icelor Wash- the unwillingness of the solid ela- | Chi & F I1l pf. Rondtas 38 of and prices were from 50 cents to $1 | Cuta Cane ov o 88 Norfolk & Wcv 65 3 o Svatiatic Hare/ tor )l JHly: cone B a ot s | o e ealsn liAve ‘nts which~ had stemmed the tide|ChiGrt West. Eentagion per crate lower than vesterday. Dery (D @) 18 Northern Pac ds... 10 ¢ tracts. “The ‘opening ranged from |bue in California they have heer ronc: liquidation—small outside invest- | Chi Great W pf TeplogieBtesy. . Green peas from all upstate sec- | ’;:m ce Northn Pacr 1 65, . = S It e e e | but in California they have been most and large financial interests—to | Chi Mil & St P. .. opIr & Stecl. . tlons were liberal, but lighter than | Dot BOIO8 Fot ta.: Ore & Calif 1nt Gs, 1 1035 o T ob %, aad’ Decembar 1061 | mtintactory. follow prices up. Under these cir- | Chj Mil &St P pr. vl o ffor the ‘previous ‘day. Some early ey SN Rl e as G i Saniolib ety it Box Shortage Predicted. 1 S b e le for fancy, & il % Very :—\3.323::‘?c$w:m§gsral falling back Chi & Northwn. Reynolds Spr. .. !large stock, but extremely limited ,g’, Luquesne Light CreShort Lref4s. 5 ual recovery llnhnlwut the same as ulm;ic;fuolr;mo!wt::‘u'ner;z nfd‘hle 1n;|lt There were people in the street|Chi&Nwnpt... Rey Tobac (B). small and poor to ordinary. The mar- | £ Cuba Sug 7% Ore-Wash 1st rf 42 56 yesterday's finish. 5 shound. dn_che Chi Pneu Tool Rossia Insur. ... Ket was dull with prices lower, Salcs | Empirs F&G 116, s o > Paprere 3 ) : . Kelly-Spring 8s THiIneit stock and the Steel ana Tups | Continental Mot Sinsimz Ollvrsa Lackawa 8 5250 preferred {ssue. The former lately |Sorh Products.. 1203 121 Sinclair pf T e e O LA i kelly Ofl. rentes 55 francs 85 centimes Ex- | Lorilard (P) 7s... has been selling seven points below | C Skelly Ofipf.... 90 90 90 80 |change on London 77 francs 20 cen- Sloss-Shefleld. . times, Five per cent loan 75 francs. South Pacific. .. The dollar was quoted at 16 francs Southern Rwy. . 89 centimes Monta.a Power 5 Southern Ry pf. NEW OIL PROMOTION. Morris&Co 1st 432 Spicer Mtg Co St Oil of Calif. .. g Stand Ofl of N J. CARACAS, July 3.—A _domestic | Nat Tube 18t 3s... StOllof N3 pf.. company, capitalized at 25,000,000 | NeW Eng Tel ba... Steel & Tube pf. bollvars 'has been organized for theiN Y Edsnlst6ls, % Sterling Prod. exploration, acquisition and sale of | NYG EL H&P &: 9 9 Frdedcs - 11 Stewart-Wars oil lands. NYG EL H&P 4 ihea Ry I —Live ~poultry—Spring chickens, | Kunts, collector of customs, declared first tinfe, where It was off 20 points | Dupont (E1)... 312 e g N e Southern Ry $34a. 35 o pffmfiu‘.olwio:flw'le’;go:;: totay 1o eemmquncing that §30,371,709 from the 1923 high.” Disappointment | 0*PO0" L te 0 L, ROAD TO SP: $6,000,000. N ¥ Te1 a34n Third Averetds.. 1 4 |spring roosters, 13al4; duck Rere dutiak that. petios, “Pno Bosis over earnings results for the road and | Eastman Koda s % Superior Ol CHICAGO, July 3.—Approximately | N Am Edison spring ducks, 28230; pigeo: was & new record, the previous high the abandonment of hope regarding any | Elec Stor Bat. 5 2 $5,000,000 is being expended by Chica- | N States Pow 25880, total having been only $16,186,019 for early action on preferred dividends have | Endicott-John.. Tenn Copper. g0 & Northwestern Railroad in im- | Northwst B T Eggs (loss off)—Native and nearby | tne last fiscal year. i made the market in this stock wvul-|Erie... . Texas Company. provements now under way, it was an- | oyjs Steel 7% firsts, dozen, 24; southern, 21a22. £ Tex Guit Sulph., nounced today. OtisStesl 88 nerable. Erie2d pf. Butter—Creamery, good to fancy, 37 BAR SILVER QUOTATIONS. ere. Peansy) gen ts Corn and ‘oats were easier with |statement of G. E. Robertson, vice today who thought It significant that 2 3 O G L iiog | ChNBSA Pac. . - Royal Dutch. 3 ranged from $1.50 to $3.00 per bushel | Fisk Hubber Ss. ... Pennsyl gen 4 e g e e s ORI ROX aud with operating the recent pool in|Chi RI&P6% pf. Rutland Ry pf basket. Pennsyl 6%s neNlow Briceiecurd (or e sinon lar a"lcdnm"?r?y s ng.whode o . g - 5 - or, | clare ay there was every = ‘Wabash preferred A just lately left | Chile Copper % & P Receipts of lettuce were liberal, but | Gen Elec leb 5s... Pennsyl gold ;\,’nprlop_;lv:xm%! !c(:“_s: :‘l:r‘?:{t‘:mlhx_ Slan nrn. L r:h:r‘:: ?e:rfiu’m\iv]m for Burope, and that coincident with | Chino Copper. StL& San Fran considerably less than yesterday. The | Goodrich 648 2 Pennsyl con 43 Eholaile “Orders £ lone ™ 20 his departure there were signs of | Coca-Cola StL&San Fr pt. bulk of the arrivals continued to |Coodyear 881 Peoria & E inc , e e e L b e L U ] Selling in the atock. Presumably | Colo Fuel.. B bl O POl it0 ordinary Quality and | Goodyear 88 194 Pere Marq 1st 5s.. 2 S Satiaiat slanadetadciinaiol e el T thts was ilauidation, the story went | Columbis O Schritsitores.. less burnt. ;]‘x‘;’:‘;“iflrfiefifl Pere Mrq 18t 4s ‘66 3 cent advance, September, 35 So far as earnings of the roud ars |CulGas (new). R ey " | “The season's firat shipment of green | 1128 Bell Tel i cents, and then held near the Initial e imp - | Columbin Graph Seare Rostuck comn- from- New Jersey was Tecaived | Int Mer Maring Pt et NEW ORLEANS HOLDS ations has been quite marked. Conley Tin Foll. S r3 &% today. Most of the stock was of very | Int Paper 1st s A. 8 Higher quotations on hogs upheld Two examplss WOt - fhe “way ths liForsicigas:. 2| o small size and met a very limited de- | IntPaper 1st 5s B. the provision market. street has pald scarcely any atten- | ColS Gaiof NY Shell Unlon. .- mand at 2 to 4 cents per ear. KCP&Lt5sA 62 RIATk &L 4%4s.. Open. Hish, Tow. Chee: SEGOND PORT RANK tion to values during the recent un-|Cons B88 Of ! Shell Union. Jillis KAy STy, StL 5 L0 1.08% 101% 1.03% scttlement in the market have been | CONS Textlle Shell Union p PARTS T DUIL foep 1md Tl 1es s : : : Customs Collections for Fiscal Year December ...11. Wy el a2 OATS— ) Far Surpass All Former X Totals. the amount actually pald on it in|Crucible Steel cash on account of an assessment, | Cuban-Am Sug. while Stecl and Tube preferred failed |Cuba Cane Sug.. to reach 110, the price at which it |CubaCaneSpf.. was announced it was to be retired | Cuban Dom'can under the plan of sale to the Young- [Cuyamel Fruit.. stown Sheet and Tube Company. Dayiason Chem, Prices Drop in Afternoon. De Beers. . Scattered liquidation and bear pres- | Del & Hudson sure continued through the afternoon in!D Lack & West. numerous directions. A striking fea- | Devoe & R 1st pt ture was Missourl Pacificpreferred, | Dome Mines which broke well below 30 for the |DouglasCorpn.. 18 By the Associated Press. NEW ORLEANS, July 3.—New Or< leans easily will retain its rank as DAIRY PRODUCTS. second port in the United States for BALTIMORE, Md,, July $ (Special). | the fiscal year ending June 30. Emile Tol StL & W 48 Union Paoc 1st Eretem Tex Gulr Buiph : Y gaii prints; 4anda] nearby creamery )| PANAMA CANAL SHOWS MARKET CLOSES WEAK. FaisousElayers Tex & P C & O\l Wabash 1st 5s. 35a38; ladles. 34a35; rolls, 30a33; store Famous Play pf. Third Avenue. .. packed, 30; dairy prints, 30a32. Two Score Stocks at New Lows for Year—Rails Break. Br the Associated Press. NEW YORK, July 3.—Heavy liquidation of low-priced shares un- settled today's stock market after an early period of moderate strength. New lows for the year were estab- lished by more than two score stocks. Sales approximated 675000 shares. The closing was weak. Prices continued to melt away in the late dealings with some bad breaks ta. ing place in the railroad group, Dele- | ware and Hudson, Louisville and Nashville and Canadian Pacific drop- ping 3 to 5 points, Market Flashes at Today’s Close The Iron Age says steel trade en- ters upon second half of 1923 with production of pig Iron only 2 per | cent, and that of steel ingots about 5 per cent below year's peak reached in May. Prices of important forms of finished steel aré at a stand, but buyers are getting better delivery |H Hudson Motor! Hupp Motors. Hydraulic 8tl. Illinols Central. 106 Ind Ol & Gas... Inland Steel pf. . Inspiration..... Interb Rap Tr In Ag Chem pf.. promises and keeping orders close to known needs. New York bank clearings, $1,192,- 000,000. New York bank balances, $91,000,000. New York Federal Re- serve Bank credits, $65.000,000. Bos- ton bank clearings, $91,000,000. Daw, Jones says United States Rub- ber net earnings for first six months will run substantially under e mates of month ago. ~Through final | Int Harveste: Int & Grt North. inents are not yet available it is;IntMer Marine. doubtful 1f surplus available” -for | Int M Marine pt. stockholders will exceed $5,000,000 or | Int Nick: 53 on common shares after preferred | Intl Paper. g June results and half year adjust- dividends. Kelly Springfield Tire Company has Fd Mines&S pf. . Fifith Ave Bus.. Fisher Body FisherBofOpt 94 Fisk Rubber 8% Fleishman. . Foundation Co.. Freeport Texas. Gen Am Tk Ca: Gen Asphalt.... Gen Asphalt pf.. Gen Clgar. . Goodyear pt Granby Conss Gray & Davi, Gt Northern pf.. Great Nor Ore. .. Greene-Canan. . Guantana Sug. Gult Mo & Nor.. Gulf St Steel Harblishaw Cab. W Tide Water Oil. . Timken Bearing Tobacco Prod... Tobacco Prod A. Tol St L& West. Tol St L&W pf.. Trans Cont Oil.. Union Pacific. ... Union Pac pf. Un Tank Car. Un Alloy Steel. . United Drug.... United Fruit. U S Cast I Pipe. USCastIrPpt. U S Food Prod. . § Hoftman M. U S Tobacco.... Utah Copper. Utah Securitl nadium Corp. ‘| va-Car Chem. .. Va-C Chem pf.. ValrCoal&C.. Vivadou........ Wabash.... . Wabash pf (A). ;gnhun of (B).. West Pacific.... ‘Western Unfon. Westhse E1&M. Wheeling&L E. ‘Wheel & LE pf.. ‘White Eag Oil.. ‘White Motor. LONDON, July 3.—Bar silver, 311-16d_per ounce. Money, 1 per cent. Discount rates—Short bills, 2 !-lfllzflz Three-month bills, 2% 3 NEW YORK, July 3.—Bar sllver, 62%. Mexican dollars, 48. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY SAN DIEGO, July 3—Thousands of cantaloupes from the Imperial valley, destined for eastern markets, are to- day being delayed in shipment be- cause of car shortages. Lack of re- frigerator cars has become acute, but rallfoads promise enough rolling stock this week to prevent loss to growers, SAN FRANCISCO, July 3.—Twenty- four new oil wells were started in California in the last week or nine more than in the previous seven days. This brings the total of new wells started since January 1 to 741, ac- cording to an announcement by R. E, Cufium, state oll and gas super- visor. The new wells were tal ed in Los Angel d Orange coun- ties, the other s having halted drilling to rectify the present over- production situation. CAMDEN, N. J., July 3.—The white potato yleld of south Je: lu{ will be| not more than half that of la: l'l'ho crop is late, and growers fear t- they will miss the chance to market thelr tubers while the present high prices continue, PITTSBURGH, July 3.—Sheet and tinplate makers are position to offer earlier deliveries than were annealed sheets aré quotable today at 3 cents, black at 3. galvanized at 5 cents, and tinplate at 6.50. Plain wire is quotable at 2.75 cents and st year. | possible a w or_ten days ago. Blue PhilaCoref6sA.. Pierce-Arrow Producrs & R Sharon St H 8 Sinclair Oil 7s. Sinclair Oil 6%s w Sin Crude Ol 5% 3. 8in Crude Of1 South Bell Tel & 8o Por Rico Sug 78 St Ofl of Calif 7s.. Utah Pow & Lt Bs. Vertientes Sugar 78 va-Car Chem 7s... Va-Car Chm 7%8'v West Unlon 6%s.. wickwire Spen 7s. wilson & Co 1st 68 Wilson&C ov 74s. Winchester A T%s 95% 104 ————— MEAT COMBINE PLANNED. LONDON, July 3.—Following the acquisition by the Western United Investment Company of the British and Argentine Meat Company last October comes a proposal by the Union Cold Storage acquire from the Western United at a price of £4,000,000 the ordinary shares {n nine leading meat concerns | controlling more than 2,400 _retail gtores and depots in Great Britain in addition to factorles and whole- nine com. panies include the British and Argen- | tine concern and eight of the fore- most houses -in the meat trade in sale warehouses this .country. Company to ‘Wisconsin Cent 4 TOTAL SALES (Par Value)t 12 noon. 5421000 1p.m.. 6885000 2p.m.. — ilam. 2911000 SHORT-TERM SECURITIES, (Quotations furnished by Redmond & Co.) Aluminum Co. of Amer. American Cotton Oil American Sugar 6s, 193 American Tel. & Tel 425, Aluminum Co. of Amer. 7s 1983, ) Ammerican Tel. & Tel, ax. 1028 conda Copper 6s, 1929. .. Central Arges Central Leather b C. C._C. & Bf s, 1086, Valley 6s 1024. Ol 'S4, 1962, Kansas City Term. 6s i Kennecott Copper 78 1980 Libby, McNeil & Libby 7 M., 8. P. & 8. 8. M. @ r Union Tank Car U. S. Rubber 7 Western Unlon 6 West'house Elec. U. 8. TREASURY CERTIFICATES. (Quotations furnished by M-n# & ~~——nNoou. Maturity— 3%s September 15, 1923 4%s September 15, 1623 s December. 1923, March 15, 1008 | Fiti 90 81-32 100 1. 100 146" 100m > CHICAGO LIVE STOCK MARKET. CHICAGO, July. 3 (United States Department of Agriculture).—Hogs— Receipts, 24,000 head; active on bet- ter grades, 156 to 25 cents higher; rades, bulk good and choice p, 7.40; 260 to 325 pound mostly 7.10a7.20; packing sows, mostly 6.25a6.50; strong weight pigs active, mostly 6.40a6.90; hea: welight hogs, 6.76a7.25; medium, 6.90a 7. ight, 6.8 light light, 6.76a 7.30; packing sows, smooth, packing sows, rough, 5.75a8.%| ing pigs, 6.2506.90. Cattle—Receipts, 65,000 hea tive on all killing classes, generally 15 to 26 cents higher; yearlings re- flecting maximum advance; numerous sales on in-between beef steers and yearlings, 50 cents and more above fow day last week; top matured steers, 11.50; few loads 11.00a11.15; most yearlings, 9.50a10.50; lower es beef cows, canners and cu ters, strong to 15 cents higher; bul steady to weak; veal oalves, 25 to 50 cents higher; stockers and feeders searce, rm; bulk desirable veal calves to packers, 10.00a10.50; up- ward to 11.00 to outsiders: bulk de- sirable bologna bulls, around 4.75; few heavies, 5.00; plain sausage bulls, 4.2604.40; bulk desirable beef heifers, 7.50a8.50. Sheep—Receipts, 4,000 head: ac- tive; fat lambs 'steady to ‘strong { sorting light; bulk good and choice natives, 15.50a15.75; culls, 8.50s 0; six doubles prime Idahos, 16.15; 1k medium and heavy-weight ewes, 5.00 26.50; extreme heavies, downward to 3.50. CALL MONEY DROPS. NEW YORK, July 3.—Call money easy; high, 6%: low, 4; ruling rate, 5%; closing bid, 4, offered at 4%; last loan, 4; call lodns against ac- | 5 98 15-18 99116 coptances, 4%; time loans, firmer; mixed collateral, sixty to ninety days, 5a5%; four to six monsthl. 5a5%; | prime commercial paper, BIG TRAFFIC INCREASE Year Sees Jump in Tolls of Over 30 Per Cent—Total of $17,508,199. By the Associated Press. PANAMA, July 3.— Commercial trafic through the Panama canal during the fiscal year that ended June 30 showed an increase in tolls of more than 50 per cent over any preceding year. The number of ve sels using the waterway was 3,96 and these paid a Jotal of $17,508,199, §7 for the privilege. NEW PASSENGER LINE. Baltimore Has New Service to Hamburg. BALTIMORE, July 3.—Passenger service between Baltimore and Ham- burg in competition with the North German Lloyd line has been an- nounced by the United American firs ing was Sunday hip Hessen of the Hamburg-American line sailed from pier 9, Locust Point, with five passengers. Other passengers. were taken aboard the vessel at Norfolk. The Hessen is a German vessel of more than 6,000 tons and has accom- modations for eighteen passengers. NASH MOTOR SALES. CHICAGO, July 3--Nash Motors has felt only a slight decline in de- mand. The public is still able to absorb more cars than company can produce. Present buying is distri- | buted through practically all parts of the country, but there is some hesitancy in farming districts pend- ing the outcome of this year’s crops. Operations are at capacity, although it has been difficult to obtain labor at the Kenosha plant on account of insufficient housing facilities. —_— TODAY'S WOOL SALES. STUDEBAKER PRICES. LONDON, July $.—Tho offerings at DETROIT. July 3.—Price increaces the wool auction sales today amount-|in Studebaker cars apply only to the 4 {electrolytic spot and nearby, 14%a15. LEAD AGAIN REDUCED. od to 10,180 bales. The demand was | special six touring, Which is increas- Tin steady, spot and futures, 87.87.| oo yone falr, and some sales were made toled $75; the special six roadster, in- Iron steady, prices unchanged. Lead| NEW YORK. July 3.—The Ameri-| e continent. American buyers were | creased §50, and the light six road- Zinc qulet; East |can Smelting and Refining Company nlet.‘ ’l‘he‘re Wty Saatens nwl‘lh- Em- and m‘\fil{;g‘. bolhtlncreued $20. | ced the pri ead m | drawals owing to sellers high limits. | Company w! ring out a new special YAy oaarie® of Tead from [ o R coured s0id as high as 45 84 | six model selling for $1,360. guaranteed tire prices to dealers against further tire cuts until Oc- tober 10. Declared regular quarterly | Jewel Te 2 per cent on 8 per cent preferred | Jones Tea. wire nails at 3 cents. 4%s Ma lm\h 1008 TODAY’S METAL MARKET. |s%s December 15, 1 99 1816 100 ‘Wisconsin Cent. Cor . B nes cen o Woolworth. ... Y Hih. Low. Lust. NEW YORK, July 3.—Copper qulet; record August 1 Kansas City 8. . Worchinstaon.. . £ —_— Kansas C So pf. Wright Aero. 9% 9% 9% 9 HOURLY SALES OF STOCKS. Hudson Motor June shipments, | Kayser (Jullus) 29 29 |YounestnTube. 67% 67% 67h 202700 12m...... 330700 X 4,695 Hudspn and 5,290 Essex cars— | Kelly-Spr Tire.. *0dd tot, g 519 500 earby; 5.7685.77. 't . production schedulsd for-July 10, 625. > 55 7o Dy e 526,95, 6.85 to 6.65 per pound.