Evening Star Newspaper, July 11, 1923, Page 24

- 24 - FIN BEARS PUSH PRICES § TOLOWERLEVELS : Raids Prove Success Due to Lack of Buying Support. Exchanges Stronger. e T bt BY STUART P. WEST. Epecial Dispatch to The Star. NEW YORK, July 11.—Prices went lower again on the stock cxchange to- day, but it was not the same sort of declining movement that characterized the last three weeks of June. In that !period the volume of trading was much heavier. It included a lot of real liqui- dation from overburdened speculative accounts in addition to active profes- .. Bional selling. But today there was very little stock coming from actual holders. . Where prices went down it was because traders were encountering no effective opposition on the buying side. Steel common was driven down below 90, partly in further reflection of the decrease in unfilled orders, which was S0 much larger than expected, and part- 1y because of the proclamation by the American Federation of Labor that it intended to make another effort to un- jonize the steel mills. These efforts fail- ed in 1919 and 1920 because the large maljority of the workers appeared satis- fied with their status under the open shop. sesnERIRBaneenInSE Sugar Stocks Tumble. That Cuban raw sugar had sold be- low 5 cents for the first time since the rise was checked two months ago had not been appreciated at the close of businesss last night. This morn- ing the sugar stocks were promptly offercd down again. At 46 Punta Al- egre was nearly two points under the Tuesday close and over five points w under the Monday close. The strect quite ifnored the fact that the Cuban producers have disposed of three-quarters of thelr crop at good prices and are not materially affected by fluctuations in the price of their product. The refiners. with large stocks on their hands, are the ones that are being Fit. Bears Attack Baldwin. Baldwin Locomotive was a special ~object of attention from the bear ele- ~ment, but there was no pretense of declining buriness. Ovders on the books of the locomotive companies | 1l 2t their peak and there is pect, i traffic breaking all recerd be'ng any let-up the and locomotives. manipulate or down Among specialties made a new low ks was off high issues closely in eompany cxplained Tu decline as duc to dolaved liquida- tion of checulative accounts that had 3 Mot been thoroughly cleared up dur- ing the June decline. Finan The railway of there demand for Baldwin cax easily, either be up eneral Asphalt ord and Mack hoints from t ling of Burn. S net resumed al Review and Outlook. | dominant impulse in the “ markets today was to await Thure. | Chi premier | day speech of the on_reparations. So far as the various price move- ments were concerned they testified 1o a more hopeful feeling in financial W circles that the British program for ‘W dealing with ¢ “ volve an open break with France Sterling exchange advanced over a Zoent and was up nearly 4 cents from last week's low. French franes also regained the ground lost during the Jast week. ltalian lire and German marks railied moderately, With the exchanges and govern- “4ment bonds holding up so well, there ‘was no excuse for the European per- plexities entering as an acute influ- ence in the stock market of the day. As a matter of fact the fluctuations dn stocks meant nothing more than that investors were doing nothing | either on the buying or selling side amnd that professionals were experi- Mmenting as to how far they could | offer prices down without taking too many risl Miami Copper Developments. Word has just reached the street ‘of important developments at the Amines of the Miami Copper Company. IThe reports indicate that the com ‘pany has struck perhaps the richest .copper ore yet discovered on that property, and It is the opinion of People who know most about the matter that it will be reflected ulti- mately in higher earnings and in- .creased dividends. The high grade ®ulphide ore just discovered is said | #to contain copper largely in excess jof any at the old ore bodies of the leompany. Miami pays 32 annually dn dividends, I After vesterday's sugar stocks further weakness was displayed today, and it was at- tributed quite generally to the con- ditions in the industry itself. The | ‘trouble seems to be chiefly in the ‘refined sugar market. Cuban raws ‘sold down Dbelow 5 cents a pound to- ‘day and the refined product was at| dts low levels of the first two days of the week. There is reported to be only §00,000 tons of raw sugar still unsold in Cuba and the leading pro- “ducers there are sald to have sold ‘approximately three-quarters of their <1923 harvest. | . However, refiners, who bought Srather heavily some time ago and amelted the raw product, now have {large stores of marketable refined \sugar on their hands. Consumption ‘has been much smaller than expected and the outlook for the refiners is ‘admittedly poor. Public Participntion. A large Broadway wire house in iits market letter today sald: “It s pretty difficult to get anybody to “take a market like this seriously and swe belleve this lack of public parti- cipation is its:If a market factor of ‘ponsiderable impcirtance. In Feb- yuary and March when the rarket swas going at a pace of a milllon tand a half shares a day and stocks ere 20 points higher, severl largs houses saw days when their own volume of buriness handled exceeded 100,000 shares. Today, after three amonths of decline the total volume | idone by all houses put together is a flittle more than three times that mount. This comes pretty near to ‘yepresenting the nearest approach ! fpossible to utter absence of public “Interest in the market.” British decline in the MARKET CLOSES HEAVY. Pelaware and Hudson Off Three Points—=Sales, 425,000 Shares. By the Assoclated Press. { NEW YORK, July 11.—Stock prices wcontinued reactionary in today's dull fmession. Intermittent selling of {standard shares, founded on lower jcommodity prices took place through- tout the day, with a number of the ‘leaders dropping to new low records ifor the year. Sales approximated 3425.000 shares. {. The closing was heavy. Pressure J&ras extended to the railroad section s+in the late dealings, with the coal cars | rmany will not in-| { Cuba Cane Sug | Eastman Kodalk jErie....... ANCIAL, Adv Rumley.... 104 Afr Reduction. . Ajax Rubber. Alaska Gold Alaska Juneau.. Allied Chem. ... Am Agr Chem Am Bank Note.. Am Beet Sugar. Am Bosch. Am Can. Am Car & Am Chicle Co. Am Chicle pf. Am Cotton Ol Am Cot Oll pf... Am Druggist. .. Am H & Lea pf.. Am Ice. . Am Ice pf. Am Internat’l Am Linseed. Am Locomotive. Am Loco pf. Am Metals. . Am Safe Razor. Am Ship Com. Am Smelting. Am Smelt pf Am Snuft. Am Steel Fd. Am Sugar. . Am Sugar pf. Am Sumatra. Am Tel & Teles. Am Tobaceo. ... Am Tobac (B).. Am Water Wks. AmW W 6% pf. Am Woolen. ... Am Woolen p? Am Writ Prpf. . Am Zinc & Lead Anaconda...... Asso D Goeds. .. Ass0 D G 1st pf. Asso D G 2d pf.. Atchison....... Atchison pf..... Atlan Cst Line. . Atlantic Fruit. . Atlantic Gulf. Atlantic Ref.... Atlas Powder (n Auto Knitter... Baldwin Loco. .. Balto & Ohio. Bayuk Bros Beechnut Pack. Beth Steel...... Beth St17% (n) . 12d pf. Bklyn Rap Tran Brown Shoe. ... Brunswk Term. Durns Bros (A). 1 Burns Bros (B). Butte Copper. .. Canadian I 5 Case Plow Wks. Central Leath. . Cent Leath pf... Century Rib Mili Cerro de Pasco. Certain-Teed “handler Mot. .. Chesap & Ohio. . jChes & O pf w 1. Alton pf.. “hi Great W pf. [chiMil&s | Chi Mil &: | Chi & Northwn. i Pneu Tool. . Chi RI& Pac... Chi R 1&P6% pf. Chile Copper . Chino Copper. ... Cluett Peabody - { Coca-Cola Colo Fuel. Colo & South... Columbla Gas. . Columbla Graph Columbn Carbon Com Solv (B)... Comp Tabulat. . Conley Tin Foil. Cons Cigar. ... . . Cons Gas of NY. Cons Textile.... ContCan....... Continental Mot Corn Products. . Cosden & Co.... Crucible Steel Crucible Stl pf.. Cuban-Am Sug. % 17 38 63% 8613 25 10% 40 4% b5% 30 . 23% 108% 112% 102 113% 104% 55 13% 6% 10% 18% 0% 90 8 111 8% 42% 68 10% 27 61% - 172 . 104 18% 80% 41% 16% 25 49% 83 17% 65 26% 17% 0% *% 2% 30% 650% 22% Cuba Cane S p Cuban Dom’can. Cuyamel Fruit.. Davidson Chem. De Beers. . . Del & Hudson D Lack & West. Detroit Edison. Dupont (E1). Elec Stor Bat... Elk Horn Coal. . Endicott-John.. Erle 1st p! Famous Players Famous Play pf. Fed Mines & S.. Fldelity F Ins. . Fisk Rubber. Fleishman. . Foundation C Freeport Tex Gen Asphalt.... Gen Asphalt pf Gen Electric. Gen Elec spl. Gen Motors.. ... Gen Mot 6% deb. Gimbel Bres. ... Goldwin Corp. ... Goodrich. = Goodyear pf.... Goody pr pf w i. Granby Consol. Gt Northern pf. Great Nor Ore. Greene-Canan. . Guif St Steel. Harbishaw Cab. Hayes Wheel. .. Househ'd P’rod. Houston Ofl . Hudson Mot Hupp Motors. 18 Hydraulc StI 1% fllinots Central. 107% Ind Ofl & Gas... 5% Indiahoma. ... 5 Inland Steel. 32 Inland Steel pf.. 97% Inspiration. . 28% Interb Rap Tr.. 12 In Combust E 21 Int Harvester. 1% Int Harvester pf 110 Int Mer Marine. 5% Int M Marine pf. 21% Int Nickel 12% Intl Paper 35 Int Tel & Teleg. 65 Invincible Ofl. Island Oll. . Jewel Tea pf.. Jones Tea. .. Kansas City S Kayser (Jull 1y-Spr Tire. . ennecott. ... Keystone Tir Kresge (SS). #earriers recording the largest losses, {Delaware and Hudson dropping 3 fpoints and Lehigh Valley 2%. TODAY'’S FLOUR MARKET. MINNEAPOLIS, July 11.—Flour, 15 %40 25c lower; family patents, 6.00a6.35 fa barrel. _Shipments, 46,683 barrels. SBran, 19.50a20.00. 'Wheat, No. 1/ orthern, 1.03%: July, 1.03%: Septem. er, 1.03%: December, 1.05%. Corn, 0. 3, yellow, 773,a19%. Oats, No. 3, 35%a37'%. Flax, No. 1, 2.74a CALL MONEY RATES. NEW YORK, July 11.—Call money sier; high, 5; low, 4% ruling rate, closing bid, 43; offered at 4%; last call loans against accept- time loans firm; mixed sixty-ninety davs, 5ab%: onths, 5ab% ; .prime commer- ‘iflgp‘f. 5. L Lee T & Rubber. Lehigh Valley. Lima Locomo. Loews Inc. LoftInec... Loose-W! Louis & Nas| Mack Trucks. Mack Truck 2d. Macy Co. . “ee Mallinson & Co. Manhattan Elev Man El inv guar Man Elev scrip. Marland Oil..,. Martin-Parry . Mathison Alkill. Maxwell (A) Maxwell (B) May Dp Stores. McIntyre For. Mex Seaboard. . Miami Copper. . Middle S8t Ofl 10% 5% 7 % 1% 65 12% % 804 30 154 10% 45 3% 14 4% 3b%5 [0 79 18% 18% 65% 116% 2% 5 10% 53 95% 130 32% 62 100% High. Low. Close. | 10% | Minn & St L (n) 57% | Mo Kan & Tex. 7 | MoK & Tex pt % | Mo Pacific. ... 1% | Mo Pacific pf 65 [ Montana Power. 134 | Montg’y Ward 77% | Mother Loa 30 30 | Nash Motor; 87% | Natl Acme. ... 10% Nat Biscult. .. 40% Natl Biscuit pf.. 120 NatCloak & Spf 92% Nat Conduit. e Natl Enamel. 56% Natl Lead...... 111% Nevada Copper. 114 NY Air Brake.. 30% NYCentral,.... 97 NYC&StLwi. 76 NY C&StL pf wi 93% NYNH&Hartfd. 11% Norf & Western. 102% 424 | North Amer. 20 54 | North Pacific. 65% 10% | Ohio Fuel Sup. B3 | Oklahoma Pro 95% | Orpheum Clreutl 130 | Otis Steel. ... 82% | Owens Bottle. 162, | Pacific Develop. 16 | Pac Gas & Blec. 1217 | Pacific Mail, 1424 | PacificOfl. 141 | Packard Motor. 34y | Packard Mot pf. 57 |Pan-Am Pet 82 |Pan-AmP (B).. 100% | Panhandle. ... . Pennsylvania. .. Penn Seabd Sti. Pere Mgrquette. Pere Marg pf. .. Philadelphia Co Philip Morris. Phillips Pete Plerce Oil Pitts Coal . Pitts Coal pf Pitts & W Va. Postum Cereal. . Pressed StC pf. Produc & Ref... Pub Service. 45% Pullman Co..... 114% Punta Alegre... 47 Pure Ofl.... 18% Railway Stl Sp.. 101% Rapid Tran Sec. 9% Rap Tran Sec pf 32% Ray Con Copper 11% Reading. 70% Remington..... 29 Replogle Steel.. 14% 1% | Rep Ir & Steei.. 424 11815 | Rep Ir & Stlpr.. §9% 28% | Reynolds Spr.., 1444 6 |Rey Tobac (B).. 61% 19% | Royal Dutch 45% 78% | St Joseph Lead.. 17% 20% | St L & San Fran 18% &% | St L&San Frpf. 37 42% | St LSouthwn... 25% 47% | St uth pf. 56% 145% | San Cecil Sug. 1% % |Savage Arms. 20 19% | Schulte Stores.. 95% 62 Seaboard Air L. by 29% (Seabd ALpf.... 9% 8874 | Sears Roebuck.. 71 26 Seneca Copper.. T4 48% | Shell Union. 15% 58 Shell Union p! 90 7 Simms Petrol... 8t Sinclair Oil. . 28% Sinclair pf. . 89 Skelly Ofl.... 16% loss-Sheffield.. 40 So Porto Sugar. 41 South Pacific 85% Southern Rwy 31% Southern Ry pf. 64% Spicer Mfg Co 18% St Ofl of Call . 50W Stand Ollof N J. 32% StOil of NJ pf.. 115% Steel & Tube pf. 104% Stewart-Warner 76% Strombg Carb. 61% Studebaker. . 101% Sweets Coof A.. 1% Texas Company. 42% Tex Gulf Sulph.. 55% Texas & Pacific. 18k Tex &P C & Ofl. 10% Third Avenue... 104 Timken Bearing 36% Tobacco Prod... 48 Teobacco Prod A. 77% Tobacco Pro pf. 108% Tol St L&W pf.. 58% TransCont Oil.. 5% Underw'd(new). 41 Union Oil. . % Union Pacific. 128 Union Pacpf.... 72% Un Alloy Steel.. 30 United Fruit . 184 United Ry Inv.. 10 Utd Retail Strs. 7i% | US Cast I Pipe.. i US Food Prod. . U S Hoffmah M.. U S1Indus Alco.. U S Rubber. . U S Steel. U S Steel pf. U S Tobacco Utah Copper. . Utah Securities. Vanadium Corp. Van Raalte..... Va-Car Chem. .. Va-C Chem pf 26% 114 30 5% 20% 8% 18% 18% 65% 116% 16% 8 42 k) % 8 32% 12% 9% 59 55% - 12 B 39% 1T 83% 89 9874 E8% 1125 1% 42 62 43% 12% 26% 2% 58% 94 it 47 88% ELRY 51 59% a4 BEY 18% . a 4 10% 18% 304 69% 8% 28% 2 25 Wabash.pt (B).. Waldorf (ney) . West Penn Western Md ‘West Pacific. Western Unlon. West Alr Brke.. Westhse EI&M. White Eag Oll. . White Motor. White Oil. Wickwire. Willys-Overld. . Willys-Overl pf. 621 Woolworth. ... 2288 Worthington... 28% Youngstn Tube. 64% 17% 17% 40 10 17 103 8 54y 24% 47 47 T% 6% 63% 228% 23% 4% High. Call Money..... 5 12m 2p.m LONDON, July 30%d per ounce. Money, cent. Discount rates, short a3 7-16 per cent. 3%al 11-16 per cent. 628 ; Mexican dollars, 47%. quiet; prices firm. 16.23; fully middling, 16.1 15.98; low middling, 15.7 American. July, March, 12.45; May, 12.33. —— 26% 17% 17% 40 10 16% 024 8 54ty 24% 46% 1% i bis 61% 225 23% 64% Low. 4% bi LIVERPOOL COTTON. LIVERPOOL, July 11—Cotton, spot Good middling, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office 17% 184 36% 28% 56% 1% 20 95% 5% 225 23% 84% Last. % HOURLY SALES OF STOCKS. ... 223000 311700 BAR SILVER QUOTATIONS. 11.—Bar _ silver, 21 Do lis, 3 ‘Three months’ bills, er % NEW YORK, July 11.—Bar silver, middling, 4 good dinary, 15.23; ordinary, 14.93. 5,000 bales, {ncluding 3.700 American. Receipts, 5,000 bales, including 5,400 Futures closed 14.77; September, 12.74; October, 13.20; December, 12.78; January, 12.60; or: Sale: ‘steady. CHICAGO STOCK MARKET. CHICAGO, July 11.—Following is a report of today'e sales, Mign, 'ow and closing quotations at the Chicago Stock Exchange : ki 700 Un Carb & Carbon 053 180 Yellow Mfg B 260 280 Yellow Taxi 01% Total sales, 15,000 shares. ; z EEEE EEn 85 b & ot et 1 R g oocolzcocor? REiEE ewage - A & THE EVENING STAR, WASHINGTO! ADVANGES SCORED INFOREEN BONDS Liberty Issues Also Firmer in Today’s Trading in New York Market. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, July 11—Strength in foreign {ssues featured the bond market again today. The improve- ment was particularly noticeable in the French obligations, both the French 8s and 7T%s and the various municipal and provincial descriptions. Dispatches from London reported an advance in the quotations for French bonds in that market and there were those who belleved that a part at least of the buying here was for for- eign account. ( Whatever the cause, the forelgn bond market showed a better tone than in a week. It appeared to fore- shadow confidence that tomorrow's statement by the British premier would not bring about a break be- tween Great Britain and France. Liberty Bonds Firm. Next in importance to the strength In foreign issues was the firmness in the Libertys, especially the old third 4%s, the short term issue. The buy- ing was reported to be for the ac- count of the United States Treasury. Such buying is only possible under the law when the bonds are selling below par, but under present condi- tions government purchases as well as those expected to be made by the British operate to support the mar- ket. Phe banks are also sald to be gradually increasing their holdings of Liberties. High-grade rails and industrials were firm but not particularly active. Now that it appears likely that the third modified Reading segregation plan will go through, some comment | has been aroused by the fact that the | bonds have not responded to the fa- vorable terms offered to the bond- holders. It is proposed to exchange outstanding general mortgage bonds of the Reading Company half for new fifty-year coal company bonds, | with a 5 per cent coupon. and half | for scventy-four-year raflroad bonds, {with a 4% per cent coupon. At pres- | nt quotations this would mean an | investment return on the new secur- ities of around 5% per cent, which s, Iu{ course, very high, considering the security. Low-Priced Rails Uneven. Speculative rails were irregular. i Price changes were mostly unimpor- tant. International Great Northern adjustments were slightly lower and the Missouri, Kansas and Texas ad- justments were heavy. Missourl Pa- cific general 4s lost ground, while | the 6s went higher. Seaboard Air t. Paul bond issues were ally unchanged. Some of the Haven issues were a little { higher. There was a falrly good de- mand for Erie junfor liens when of- fered at concessions. There was some good bids for cer- | tain speculative traction and utility issues without bringing out an bonds. There was a better market, | for instance, for Chicago rallway 5s and United Rallways Investment bs. On the other hand, bonds of the local traction companles were lower. One feature of the market which has attracted some attention of late is the better Inquiry for bonds_of the type of Baltimore and Ohlo, To- ledo Cincinnati division 4. FLOUR PRICES NOW LOWEST IN 8 YEARS Break to $6 Per Barrel Follows | Sharp Declines in Wheat Quotations. By the A-soclated Press. MINNEAPOLIS, Minn, July 11— Sympathetic with wheat, flour broke to a new low mark in about eight years when one of the largest mills here set the price at $6 a barrel for family patents when sold in carlots. The decline registered at the mills here today ranged from 15 to 25 cents a barrel. {I. C. C. GRANTS ROADS - FINANCING RIGHTS A finance order of the Interstate Commerce Commission tod: gave the Florida East Coast Railway Com- pany authority to issue and sell I Marjand O11 7 ! Mich St Tel 1st bs. $2,000,000 in _new equipment trust certificates. The funds derived from the sale, which, the commission said, should be made at 96.3 per cent of par, will be used in purchasing new rolling stock. The Georgia, Florida and Alabama rallway also got authority today to increase its common stock {ssue to 35,000 total at par. The new com- mon stock resulting will be ex- changed for present outstanding bonds of the company. the owners having agreed to accept the change. ex- —_— FOREIGN EXCHANGE. July 11, 1923, (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold value. today. London, pound sk Montreal. dolla: Parls, franc Brussels, franc . Rerlin, mark Rome, lira . Zurich, franc . Athens, drachmi Madrid, peseta Copenhagen, ctown. Christiania, crown. Stockholm, crown. Br the Associated Press. NEW YORK, July 11.—Foreign ex- changes irregular. Quotations (in United States dollars): Great Britain, demand, 4.58 ©5-16; cables, 4.58%; elxty-day bills on -banks, 4.55%. France, demand, .0591%; cables, .0592. Italy, demand, .0434; cables, .0434%. Belgium, demand, .0492; cables, .0492%. Germany, demal 000004 9-16; oca- bles, .000004 11-. Holland, demand, .2904; cables, .3908. Norway, demand, Sweden, demand, .2645; Den- mark, demand, .1745; Switzerland, de- imand, .1743; Spain, demand, .1449: iGreece, demand, .0295; Poland, de- mand, .000007%; Czechoslovakia, de- mand, .0301%; Argentine, demand, 4350 Brazil, demand, .1062; Montreal, —_— T. 8. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ——Noon.—— laturity— Bid. _ Offer. September 15, 1823... Beptember 13, 1023 December 15. 1923. M 024 100 11-32 100 15-32 0% 100 SEE HIGH COAL PRICES. ST. LOUIS, July 11 (Special).—Coal dealers here predicted today that coal prices would be as high next winter as last, in view of the higher wages paid drivers and the prospect that enly small amounts of anthracite will reach this section. . - . WEDNESDAY, JULY 11, 192 ——.——.—_—————_—_—#—_—L_———_'—_—— ON N 0N NEVW YORK BONDSW Received by Private 3Vire Direct to The Star Office. (Bales are in $1,000.) UNITED STATES BONDS. (Fractions reprei Example: 101 High. 100-16 100-18 Lib2d 4% Lib 3d 4%s. .. Lib dth 4%s..1078 US4%s1962. 539 FOREIGN. Sales. Argentine 7s Austria 7s ctfs Belgium 7%s 19 15 18 6 2 .. 20 . Bolivia 8s Bordeaux Brazil 7s Brazil 8s Brazil 7 Canada 58 1926. ... Canada 6%s1929. . Canada 58 1931. ... Canada 5s 1952 Chile 85 1926 Chile 85 1941... ... Chinese Gov Ry bs. Christiania 8s.. ... Copenhagen 5% Cuba5%swi. Czechoslovakia 8s. Denmark 8s. . Denmark 6s. Dutch EI5s. ... Dutch East I 6s'47. Dutch East I 6s'62. Framerican 7%s. . French Govt 8s. French Govt 715s..120 Haiti 6s ctfs. . Holland-Amer 6; Japanese 4s. 3 Jergen U M 6s '47. Lyons 6s. .. Marseilles 6y Mexico bs Mexico 58 Mexico 4s. . Netherlands 6s Norway 8s.. orway 6s........ Orlent Dev deb 6s. Paris-Ly's-Med 6s. Prague 73¢s. . . Queensland 7 Queensland 6s. ... Rio de Jan 85 1946. Rlo de Jan 8s 1947. Rio Gr Do Sul §s Sao Paulo,Stht, Seine, Dept of, . Serbs Crotes Slo §s Solssons 6s oo Sweden 6s. T | Ud Kingm 5145 °29. 35 Ud Kingm 5igs'37. 33 Ud Steam Copen 68 1 Uruguay §s Zurich 8s. . High. 102% N1k 100% 96% 100% 87% 9 83 96% 100 100% 101% 100% 99% 102 101% 44% 108% 90 9% 92% 108% 96 0% 95% 95% 8919 98 94% 93% 85 80% 1 79% 9% 55 53% 33% 100% 110% 87% 92 74 5% 106% 100% 934 93% 95% 98y 86 69% 82 104% 2% 1021 83 103% 110 Low. 8-8 101% 9% 100% 964 100% 87% 8% #2% 95 100 100% 101% 100% 99% 101% 101 44% 108% 89% 29% 92% 107% 85% 20% 5% 95% 89% 07 93% 92% 84% 804 7 79 T8% 5315 53% 334% 100 109% 974 1% 3 % 106% 100% 93% 93% 24 98 5% 68% 814 104% 12 101% 88 103% 110 MISCELLANEOUS. Am AgrChem its 11 Am Cotton Oil 5s.. 9 Am SmIt&R 1st 55, Am SmIt&R 6s. Am Sugar Ref 6 Am T & T cv 6s AmT& Teltrbs. . AmT&Tcltrds.. Anaconda cv db s. Anaconda 18t 6s. ... Armour & Co 41gs. Atlantic Refin 5s. . Barnsdalls f8s. . Bell Tel Pa 5s rcts. Soth Steel 6348 ‘53, Beth Steel rf b Beth Steel pm Gs. . Beth Steel s f 6s Brier H St 1st 5%s. Bklyn Edison 7s D. Bklyn Ed gen bs. . Bush T Bidg bs '60. Cerro de Pasco 83 Chile Copper 6s. Con Coal Md 1st 5s. Cuban-Am Sug 8s. Cuba Canecv d 8s. Det Edison ref s6. . Diamond Mth 7 ts. Du Pont de N i3 Dugquesne Light 6s. E Cuba Sug 7%s Empire F&G T%s Fisk Rubber 8s. Gen Elec deb 55 Goodrich 6%s Goodyear 851931 Goodyear 8s 1941. Humble O&R 5345, Illinols Bell 1st 5s Indiana Steel 53 Int Mer Marine 6s. Int Paper 1st 58 A. Int Paper 1st 6s B. KCP&LtbsA'S2 Kelly-Spring 8s Lackawa S 58 '50. Liggett & Myrs 7 Manati Sug sf e & PR ENANGN —RnEN e Marland O11 8s '31. Marland Oil §s w. . Mexican Petrol 8s. Midvale Steel bs Montana Power Morris&Co 1st 4338 Vew Eng Tel 6s N Y Edsn 1st 6348 9 4 N Y Tel 65 '41.. N Y Tel 6 N Y Tel 4% N Am Edison 6s. N States Pow bs Northwst B Tel 7; Otis Steel T4s. Otls Steel 8s. .. Pacific Gas & E1 58 PacT & T 53’52 PhilaCoref 68 A. Plerce-Arrow Ss.. Producers & Rf §s. Producers & R 83 w Public Service 55 Punta Alegre Ts. Sacks & Co 8 7s. Sinclair Ofl 7s. . Sinclair Oi1 6% w I Sin Crude O11 5% Sin Crude Oll 65 Sia Pipe Line 58 South Bell Tel bs St O1l of Colif 7 Stdel & Tube 7s. ... Tenn Elec Pow 6s. Tide Wat Ofl 6345.. Toledo Edn 18t 7s.. Union Bag & P Unit Drug cv U S Rub 1st rf 5s. US Rubber 7%s U S Steel s £ 58 Utah Pow & Lt 6s.. Va-Car Chem T Va-Car C . 7% Warner Sugar 7 West Union 63 Wickwire Spen Wilson & Co 1st 6s. Wilson&C cv 7348 Wilson & Co ov 6 Winchester A 7% _. RanBubonne = Gmoan 97 60 9% 101% 102 115 97 924 29% 95% 84 984 7w 97% 90 94% 884y 984 943 109% 9515 89 18 994 87% 1075 9% 103% 105% 107% 103% 98 1% 105 100% 100 o017 115 97% 95% 100 80 83 827 90% 106% 97 60 £89% 101% 101% 115 96% 92 991y 961 8314 98% 96% 974 89% 94y 87% 28 94% 108% “5% 89 117% 98% 87 107% 90% 1034% 106% 107% 103 a7 91 1047% 100% 99y 1017% 4% 97% 95% 100 79 83 821 90% 106 88% 118 96%% 94 105 1224 108 99% 5% 95% 1% 974 109 7% 105 105% 931 92 8914 107% 1% 28l 90% 90 100% 67% 105 119% 835, 107% 101 96 94 96% 984 848 93% 104 103 4% 102% 106% 95% 84 104 ——— HOSTON STOCK MARKET. nt thirty-seconds. means 1011-32) Close. 101% 1Y% 100% 96% 1004 87% 9 824 96% 100 100% 101% 100% 99% 102 101 44% 108% 89% 99% 92% 107% 95% 90% 95% 95% 89% 97 93% 92% 85 80% 1 9 9% 63% 534 33% 100% 109% 97% 91% 73 5% 106% 100% 3% 3% 84 98 854% 68% 82 108% 1z 101% 88 1034% 110 97 60 9% 101% 102 115 97 €2 99% 28y 834 v 974 971 20 94% 8715 98 94% 109% 95% 89 18 99% 87% 1074 a1 103% 105% 107% 103 98 91 104% 100% 9915 ot 115 97% 95% 104 BOSTON, July 11.—Following is a list of today's highest, lowest and closing rices for the most active stocks dealt in here: Ahmeek Am Tel & Tel !fi 3 (o BURLEBENBLEERSTa FEFE 8 EREEE E3 3! Low. 58 121 F SRS & BN EE IR EREENS ERRSI Y E! FEE EFEE Close. The city of Paris has more than 10,000 hotels. { RAILROADS. ‘Sales. High. 3 89% 14 81 2 84% .1 4% 25 78% 18 101 80 83% 94 64% €8% 84% 12% 112% T9% 93% 86% 88l 87% 83% 53 28% 29 9 49% 60 57 64 8% 63% 80% 108% 7 Low. Close. 88% 59% 80% 81 84% B4% 24% 78% 101 80 83% 4% 64% 6874 84% 112% 111% 79% 93% 86 B7% 87% 83% 53 28% 29 79 49 60 56% 78 Acchison gen 4s Atlantic C L cl 4; Bklyn R T bsctfs. . BKIR T 7821 ct. Canadian North 7 Canad North 648 Canad Pac deb 4; Car Clinch & O 5s. Central Pacific 4s. Ches & Ohlo cv §s. . Ches & Ocv 41 Ches & O gn 4% Chi & Alton 2s Chi & Alton 3%4s. .. Chi B&Q 1st rf 55 Chi & EIllgn 5s. ., Chi Great West 4s. CM & Puget Sd 4s. Chi M&S P rf 4s. Chi M&St P cv bs Chi M&St P 4525, . Chi M&S P ev 41s. CM&StPgn4ls. Chi& N Weks.... ChiRT & Pac rf 4s. Chi & W Ind cn 4s. CCC&StLrf6s A CibaRRbs....... Del & Hd 1st rf 4s. Del & Hudson G%s Den & Rio G cn 4s. D&RG Istrfbs. Det United 4%s Erle 18t con 4s Erie con ext.7 ie gen 4s. Srie conv 48 A Erieconv4ésD..... Gr Trunk sf db 6s. . Grand Trunk 7s. 70% o1 86 85% 99% 4% 47 84% 57% 108 46% 48% 51% 103% 2% 108 99% % 844 79% 594 85 99% 101% 61% 61% 87 86% 20 29 6674 5% 818 94 1% 89 107% 574 934 £3% 35% 103% 6% Y 50% North gen 5145, Green B& W db B. Havana ERL&P bs Hud & Man ref 5s.. Hud & Man aj 5s. 111 Central ref 4s 11l Cent ref bs ‘65 11 Central 5148 Int Rap Tran bs. {Int Rap Tr 58 stpd. Int Rap Tran 7s. Int & G Nor aj 6s Int & G Nor 1st 6 Towa Cent rf 4s Towa Cent Ist bs. Kan City FtS4s... Kan City Term 4s. Lake Shore 4s '28. . Lake Shore 4s "31 Louis & N un! 4; Louis & Nash 7s. Manhat Ry en 4s Market St cn bs Mil Ei Ry & L §s. Mé& St Listrf 4s. . M StP & SSM 63%s.. MK &TprinssA. 31 MK&T68C.. MK & T adj 6s. Mo Pacific6s...... Mo Pacific 5s '65. . Mo Pacific gn 4s. Montrl Tm 1st 5s. New Or Term 4 N O Tex &M in 5 N Y Centgen 31 N Y Centdeb 6s. N Y Centrigs. NYCenLScl3 . New Havencd 6s New Haven d 4s 67. New Haven 7s. {New Haven 7s fr. NY W & Bos 4%s. Norfolk & W cn 4s. Norfolk & W cv 6s. Northern Pac 3s. . Northern Pac 4s. .. Northn Pacr i 6s Northern Pac 5s D.. O Short L cn b5 '46. Ore Short L ref ds. Ore-Wash 1st rf 43 Pennsyl gen 58 | Pennsyl gen 415 {Pennsyl 6155 Pennsyl gold 7 Pere Mrq 1st 45 '56. Rapid Tran 6s w i. Reading gen 4s. Rio G West cl 48 {RIArk & L4ss St L IM&S R&G 4 StL StL StL 5% 664 204 64 20% 2% 99% 73 Biw 42% 2% 6314 9% 6% 8uly 5% 67% 1007 46% 68% 34 959 9414 4 60 73 PlésA.. prin6s. 2 incés... StL 5%sD.. StL adj 6s. StL&SFplésC.. San A& Arn P ds.. Seab'd A L 4s sta.. Seab’d AL ref 4s.. Seab'd A L adj bs. . Seab'd A L con 6s. . Sou Pacificev 4s. .. Sou Pacific ref 4s. . Sou Pacific clt 4s. . Southern Ry 1st s Southern Ry gn 4s. Southern Ry 613s. . Third Ave adj 58 Tol StL& W 4s. Unlon Pac 1st rf 4s Union Pacev 4s... Virginia Ry 1st bs. ‘Wabash 1st 5s. . Western Md 4s.... Western Pacific 5s. West Shore 1st 4s. 80% 80 Wheel& LE cn 4s. 61% 61% TOTAL SALES (Par Value): 11am.. 2419000 12 noon 3966000 1p.m..;5089000 2p.m.. 6503000 &SF &SF &SF &SF &SF ey reeB8lnumeall 60% 61% Market Flashes at Today’s Close The most important news item of | the day bearing upon the trade situ- ation was lgnored completely. This was the weekly figures on rallway car loadings. Car loadings in the week not only ran ahead of anything previously reported this year, but they exceeded the highest previous record, the total of 1,018,545 cars, in the week ending October 14, 1920, when the carriers, in addition to handling the traffic of the fag end of the great post-war boom, also were in the midst of the crop moving. New York bank clearings, $673,- 000,000. New York bank balances, $62,000,000. New York Federal Re- serve bank credits, $67.000,000. Bos- ton bank clearings, $59,000,000. National Biscuit Company declared the regular quarterly dividend of 75 cents a share on the common stock and $1.75 on the preferred. Earnings for the quarter ended June 30, after taxes, were $3,018.863. Iron Age says: Week has brought evidence of lessened steel produc- tion, continued decline in pig iron and’ scrap prices and better supply isquash, basket, 50a60; | tract, FINANCIAL. §3.718.30561 LOSS Grain, Produce and| Live Stock LOCAL WHOLESALE MARKET. Only chops, roasts and steaks are in demand at this season, consumers asing but little meat for stews and soups. The result Is that choice cuts of beef are high and the market firm. The lamb market is steady, with prices slightly lower than they were a few days ago. Veal is steady. Wediesday being @ half holiday, tradini; was done early. Demands for meat were reported as being slow. Eggs—Strictly fresh, selected, can- dled, per dozen, 27a28; average receipts, 25; southern, 24. Live poultry—Roosters, per 1b., 14; turkeys, per 1b, 25; spring chicken per Ib., 35ad5; Keats, young, ecach, 40; fowls, per Ib., 26, Dressed poultry — Fri killed spring chickens, per Ib.. 45a55; win- ter chickens, per Ib., 45; hens, per Ib., 30; roosters, per 1b., 20; tur- keys, per lb, 35a40; keats, younsg, each, 70a80. Live stock—Calves, cholce, per lb., 10; medium, per 1Ib., 8i; thin, per ib., 6a7. Lambs, spring, per Ib, 14; live pigs, 3.00a5.00 each; live hogs, per 1b., 8%. Green fruits—-Apples, new, per bas- ket, 1.00a2.50. _California_oranges, per crate, 5.00a6.50; Florida, 5.50a7.00. Lemons, per box, 8.00a11.00. Grape- fruit, 4.00a4.60. Blackberries, per qt., 10a18. Peaches, 2.00a4.00. Cantaloupes, standard. 2.0043.50; pony. 1.76a2.25: flats, 1.25a1.50. Bla raspberries, 20a 5; red raspberries, 25a32%. Vegetables—New potatoes, per bbl. No. 1, 7.00a’ N .00a3.00. North Carolina yams, 3.50a4.00. Lettuce, per crate, nearby, 75a1.50: New York, 1.00 al Romaine lettuce, per crate, 75a 1.50. Cabbage, nearby, 2.00a2.50 per bbl. Eggplant, per crate, 2.00a3.00. To- matoes. 15 bu. basket, néarby, 1.50a3.00; i bu. 'basket. 1.00a1.50. 00a6.00. Peas, 2. . Peppers, per crate, North Caro- 00a3.00. 'Kale, per bbl., 1.25a1.50. per bbl., 4.00a5.00. Celery, per | orth Carolina. 2.00a6.00. Squas! North Carolina lima bean % 1 3.0044.50 per basket. i GRAIN AND PROVISIONS. BALTIMORE, Md., July 11 (Special). —Potatoes, new, bbl. 1.50a6.00; 100 1bs., 2.00a3.75; asparagus, doz., 1.50a 4.00; beans, bushel, 75a1.50; lima beans. bushel, 2.50a8.50; beets, 100, 5.00a7.00; cabbage, 100, 7.00114.00; carrots, 100, 4.00a8.00; corn. doz.. 1 ai0; cucumbers, basket, 1.00; egg- plants, _crate, 2.00a3.50; lettuce, bushel, 50a1.00; onions, bushel, 1.00a 1.50; 0a3.00; peppers, basket, rhubarb, 100. 4.00 25.00; bushel, 1.50a2.00; tomatoes, bas- ket. 2.00a2.25; apples, bbl.. 2.00a3.50; bushel basket. 75a1.50; blackberries, qt., 10ali; cantaloupes, crate, 1.00a 3.00; cherries, pound, 10a20: goose- berries, Ib., 6a8; grapefruit, box, .50 24.00; huckleberries, qt. 15a20; or- anges. box. 4.50a8.50; peaches, crate, 1.2523.00; pineapples, crate, 3.00a4.00; raspberries, pint, 3ai2; watermelons, 0260. Settling Prices on Grain. Wheat—No. 2 red winter, 1.1035; No. red winter, spot, 1.05%. Sales—Hag lots of nearby at 9 98, 1.00, 1.02 and 1.03 per bushel Car lots of No. 2 red winter, gar licky. spot. at 1.05% Corn—Cob, new, 4 spot. 91 per bu.; No. track corn yellow, No. 314 and 1.04 per bu. None. hite, No. 2, 51% and 52 per 3, 501 and 51 per bu earby, 75a85 per bu.; No. western export, spot, 73%. Hay—Recelpts, 25 tons: market for old hay is firm at a range of 19.00 to 23.00 per ton. New nearby hay arriving mostly in heated condition, is selling strictly on merit at slightly lower prices than for old hay. Straw—No. 1 tangled ryve. 15.00a 16.00 . 1 wheat, 12.50a13.00; No. 1 oat, nominal, 14.00a15.00. DAIRY PRODUCTS. BALTIMORE, July 11 (Special).— Live Poultry—Spring_chickens. 35a 48 pound: leghorns. 30a3%: old. 24a 2 : old rovsters, spring ducks, 28a30; spinach, spot, garlicky, Eggs—Loss off native and nearby firsts, dozen, 24; southern, 22. Butter—Creamery, good to fancy, 37a40: prints, 40a nearby wweam ery, 35a38; ladles. 34a35; roils, 30a32; store packed, 29a30; dairy prints, 30a32. CHICAGO LIVE STOCK MARKET. CHICAGO, July 11 (United States De- | partment of Agriculture).—Hogs. re- | ceipts, 26,000 head; better kinds fairly active, around 10c higher; others slow. steady; bulk, 160 to 250 pound aver- ages, 7.45a7.60; top, 7.65; desirable, 260 to 325 pound butchers, 7.25a7.40; pack- ing_sows mostly 6.10a6.40: buik, to 130 pound pig: weight hogs. 6.50 : medium, 6.75a 65: light, 6.65a7.60; light light. 6.60a 7.55; packing sows, smooth, 5.90a6.50: packing sows. rough, 5.50a6.0 pigs. 6.25a7.00. Cattle, receipts, 10,000 head: fairly active, beef steers and vearlings steady to streng with Tuesday’s close; spots bid higher: killing quality less desirable; early ‘top matured steers, 11.40; some held higher: best long vearlings, 11.25; she stock and bulls scarce; strong to 25c higher; mostly 15c to 25c up; veal calves steady; stockers and feeders firm: bulk desir- able bologna bulls, 5.25a5.50; veal calves, 11.50a12.50; bulk, desirable beef heifers, 9.50a10.00. Sheep, receipts, 14,000 head: few early sales; top western lambs strong to 15¢ higher; early top, 16.00; natives, weak; early top, 14.25; culls, steady, 7.50a8.50; sheep steady; medium and handy welght ewes, 5.00a6.25; ex- treme heavies downward to 3.50. TODAY'S CHICAGO PRICES. CHICAGO, July 11.—Wheat not only fell below $1.00 a bushel today but also reached a new low price record unequalled for this time of the year since as far back as 1914, The prin- cipal new intluence for the lowering of prices today was the fact that threatened black rust damage to spring wheat had apparently been dis- pelled outright by cool weather. Trading here was of only moderate volume, and the passage of prices to below $1.00 took place with no spectacular accompaniments. Open- ing prices which varied from un- changed figures to & lower, Septem- ber, 9% to 1.00% and Decem- ber, 1.02% to 103, were followed by slight further decilnes and then by a little rally. Corn and oats were easier with wheat except that July corn showed a brief temporary bulge. After opening at half cent decline to_one cent advance, September, 75% to 75%, the corn market receded to below yesterday's finish all around. Oats started % off to % up, S ber, 34% general Higher quotations on hogs gave a 1ft to the provision market. WHEAT— Open. High Low. Close. of common labor. Orders on books of steel companies have fallen off somewhat and new buying shows more marked effects of midsummer ulet. Outlook now is for less pro- uction of both pig iron and steel ingots in July than in June. The Sinclair Consolidated declared regular quarterly dividends on com- mon and preferred. eduction of 17,000 barrels a day in production of oil in Signal ill 18 a significant feature of the weekly report on California ofl output, Prices of gasoline in Alabama. Georgia, Mississippl, Florida and Kentucky have been reduced 1 eent a gallon. In Lexington the price has been reduced 2 cents a gallon. Glllette Raszor in the first six months of 1923 broke all yr‘vloul records. Farnings were $4,244,867, against $3,698,337 for the same period of 1922, Cash, June 30, $5501,014, against $1,687,896 June 30, 1922, National Ginners' speclal report on cotton “Semi-monthly reports indicate condition will be about 70.2. - Have mno positive opinion at ths moment on the market. July . 1.00 9% 90y 997 1.004 ’“E 200 108 101% 10285 1.02 81 83 .153 K 88: 74 34 363 6@ E M\( 11.15 1120 % Beptember 922 ; 117 112 October .. 127 1120 RIBS— 13 Beptember . October % COSTLY FURNITURE SOLD. NEW YORK, July 11.—Magnificent office furniture of ihe bankrupt bro- kerage firm of Jones & Baker, one of the largest curb operators, which failed recently, was put on the auc- tion block today, and brought poor prices. One bidder offered $7.50 for a mahogany filing cabinet, and the auctioneer refused it. A mahogany desk tray brought $1.25, LEAD PRICES AGAIN CUT. NEW TORK, July 11.—The Amer- ican Smelting and Refining Compan: esterday rediced the price of lea 6.10 0400 cents per pound, 0a3.00 per | | IN BANK DEPOSITS D. C. Total, $190,853,879 on Recent Cal—Metropoli- tan in Lead. Deposits of District banking insti tutions amounted to $190,853,879.43 as of the close of business June 30, 1923, the ending of the period embraced by the last call of Comptroller of the Currency H. M. Dawes, in contras: with a total of $200,572,185.09 shown at the close of the previous period ended April 3., 1923, a net loss of $9.718.305.61 ensuing, Audley 1 avage of the Natlonal Savings and Trust Company, official statistician, announced this morning, the complets statement in detail appearing el where in today's financial news. The comparatively heavy los shown reflects almost <olely upon the national banks of the city, the four- teen reporting institutions aggrega: ing $7,143,354.81 of the gross tota! The seven trust companies of the District likewise reported a gross * red” of $2,920,625.60, while the twents five reporting savings banks, whost business continues regularly along normal lines. reported u net gain o $345,678.80 for the period Mectropolitan in Lead. The National Metropolitan Bank stood head and shoulders above the rest of the feld in reporting gains. this institution emerging from the perfod under discussion with an ad- vance of $478,088.90. The Second National also showed a gain of $330.- 060.43. the second largest, while the Standard, u relatively new institu- tion. had a very commendable in- crease of $236,704.71 for the period Other national banks which showed gains include the Franklin with $157,480.15 and the Liberty National with an increase of $456.65 Joseph Schiavone and his Inter- national Exchange Bank, which the way, is not yet two years led all savings institutions in the matter of showing gains, reporting an increase of $120,845.73, or almost double that of his nearest competi- tor. The Northeast came next with a gain of $64,073.40, closely followed by the Washington Savings with an increase of $63,183.05. Two Trust Companies Gain. But two trust companies were able to report a gain for the period. thesa being the Munsey, whose deposits in- treased to the extent of $60,587.70, and the Merchants Bank and Trust Company, which gained $36,531.27. Recapitulation of the figures shows that on June 30, last, deposits of na- tional banks aggregated $96.954,745.- 91, trust companies, $65,382,726.70 and savings institutions, $28,516,403.57. The loss resulting came as no sur- prise to the District banking fra- ternity. Heavy withdrawals during the past few weeks on account of tax payments. much of which had not been redeposited as early as June 30, was a major item to be considered while the District real estate tax paid in May and June, approximating many millions. is placed in the United States Treasury and is not allowed to be redeposited here as is other sec- tions of the country. New Bonds on Market. The local office of the National City Company is today offering $568.- 000 of Montgomery county, Ohio, sewer 51 per cent bonds, dated July 1, $37.000 of which mature July 1926, $38.000 annually on July 1, 1 to 1939 inclusive, and the remaining $37.000 on July 1, 1940. The issue is offered at prices yielding about 4.50 per cent on maturities 1925 to 1832 inclusive, and 4.75 per cent on-ma- turities 1933 to 1940 inclustve. William Canby, cashier of the local office, is spending ceveral weeks' va- cation at Ocean City, Md Rate Change Held Unlikely, The impression prevails in federal reserve board circles that there will be no change in the present redis- count rate during_ the crop-moving seazon. At the office of D. R. Cris- singer, governor of the federal reserve board, all knowledge of considera- tions along this line was disclaimed Bank Stock Jumps 19 Points. An abrupt jump of 19 points in the bid price of Security Savings and Commercial Bank stock to 275, with- out any sales, was the outstanding feature of today's restricted trade on the Washington Stock Exchange. Bonds held the limelight. Railway 48 sold at 70i, Pepeo refunding ¢ at 1013, refunding 7s at 106 and Wardman Fark Hotel 68 at 99%. In the stock list four shares of Riggs changed hands at 649 and ffty shares of Gas Light brought 48 BUSINESS AT GLANCE. RICHMOND, Va., July 11.—Detail are being considered for a big metal- working plant to be established as an additional facility of the Virginia Iron and Metal Company, which has purchased the Seven Pines ordnance depot as a nucleus for the new enter- prise. The property includes 1,260 acres of land and 126 steel ware- houses. GLEN JEAN, W. Va. July 11— Charles Ash and C. P. Galloway, both of Glen Jean, and W. L, Lee of Fay ctteville, W. 'Va., have plans for de veloping coal properties In this sec- tion, having Incorporated the Dun Glen Coal Company with $500,000 capital. WORCESTER, Mass., July Worcester county had only fort failures in the first six months of this year. In the same period of 1 fall- ures totaled seventy, with liabilities slightly in excess of those of this vear but with assets of only about half those of the 1923 period. CLARKSBURG, W. Va.,, July 11— Sheet glass for windows will be manufactured by the American Sheet Glass Company, which has just been chartered with $250,000 capital by P. M. Robinson and associates, who have purchased a site for the plant. 11 $125,000 TO REMOVE SHED. PHILADELPHIA, July 11.—It is estimated by the Pennsylvania rail- road officlals it will cost $125.000 to take down the iron train shed that covers Broad street station. The company is asking bids for the mate- rial, and it is estimated there will be 3,000 tons. It is believed it will bring between $15 and $20 a ton. The con- tractor who will tear down the shed expects to begin the removal the lat ter part of this week. —_— SHORT-TERM BECURITIES. (Quotations furnished by Redmond & Co.) —Noou— Bid. Offer 108y 1081y 1058 1081, % 92 Aluminum Co. of Amer. 7s 1925. Aluminum Co. of Amer. 7s 1933. ‘American Cotton Oil 65 1024. American Sugar 6s 1987. American Tel. & Tel. s 1 American & Tel. 68 192: Anaconda_Copper s 1929. Anglo-American O1L 7lgs 1625 Bell, Tel. of Can, 7s 1025. . 1 Canadian Northern 5is 1624 Gentral Argentine Rwy. 6o 1921. Ref. & R. 8 Tombie Off o3e 1082 Penna. R._R. 7s 1080. 5 Bt Paul Unfon Depot 638 1023, Sears, Roebuck & Co. s 1 dard OIl of Calif, Ts 1831.. ol ; s ater O 648 )