Evening Star Newspaper, July 13, 1923, Page 18

18 b STOCKS D0 BETTR N VAL TRADIG Aesult of Premier’s Speech Still Uncertain—Price Changes Narrow. BY STUART P. WEST. “pecial Dispatch to The § NEW YORK, July uestion in the market today how juch the easier feeling regarding 'uropean conditions was a factor and ow much the price movement wag in- fluenced by considerations at home. Among individual stocks there were w outstanding features. The way ‘orn Products ran up across 120 fitted 1 with assertions that there was a arge short interest outstanding, and hat the available supply around re- nt quotations is comparatively small. It took very little ut other speculative With all the bear talk ports of declining st nd considerably lower pig iron prices, the steel shares stood their 2vound. Large holders of these stocks «re not affected by the silly gossip bout the outiook for the stecl trade ind the prices at which the steel raves are likely to sell. Such predic tions are invariably ma in the final s.ages of a bear movement. Sugar Stocks Improve. Stocks of Cuban sugar companies were helped by the reviscd estimates of the new crop which are close to the minimum as reckoned upon for the last six months. During the greater p il stocks were little ch the rail; St. Paul preferred and Northern Pacific were selling off, while the balance of the group were steady It is calculated on thg basis of earnings so far received that the St. Paul will just about cover fixed charges this year. The street is ask. ing itself what would happen to this road and other of the western riers if they were foreed to & radical cut in grain rate Shortx Hoost Stocks. It was not until midafternoon the upward swin, became well fined. Then short covering set j v largey scale than has been 8t any time in more than a week The rise wis very general. but it was miore rapid naturally in stocks with @ narrow t, in which shor teilers we d to have the & est ditficulty in getting mitments, Among the nd_ Hudson, up 5 points, Canadian Pacific, Stew- Warner and Dupont The buying which came into the afternoon stock market was set down in the superficial comments to ' “better feeling over the European outlook.” Actually it had far more to do with conditions at home. For 5 week or more past there has been Very clear signs of an oversoll po- sition Financial Outlook and Roview, It was hard to detect in any of the arkets today much of an expres- of judgment regarding the outlook as affected by itain’s latest move cxchange went lower and its recovery from The German n from the mini- the dollar to again at more —It was a buying also to leaders up. ed upon re- production rt of the time ed. Among make that de- on ar mum’ of 2835, Yo 190,000, was quoted than 20,000 But these declines w tant enough to denot cept that the - not_impor- anything ex- Jlution of Europe’s economic. prob is still very ob- scure. The sccurity markets here took much the same view. They did pot allew themselves to be depressed by the allusicns to the desperate Etute of things in German other hand, they were disposed to be very cautious about accepting the conclusion that the coming British note would oven the way to a 'settle- ment Railway Stocks Lag. The stock market appeared to have hardened itselt pretty thoroughly to Teports of falling off in trade activity It refuses longer to believe that su docline as has occurred from the heights of the spring boom is at all Berious. It feels that whatever ad- verse effect the reaction of the last month or so may have upon company inings has been discounted by the 30 point drop in stock prices. Still it has not reached the stage of being responsive again to the more favorable points in the situation. It Is certuin, for example, in view of the record car loadings, that railway gross earnings in June will at least equal the extraordinary totals of the Two previous months. Yet railway Ktocks are dragging along in the mar- Jet least possible interest snown in ther Sugar Trade Conditions. More light was thrown today upon the situation in the sugar trade by a somparison of stocks in the hands of uban producers and the refine *'he Cuban producing companies have wbout 470,000 tons less sugar than wd u vear ago. The refiners 50,000 tons more than they had nd on July 1, 1922. The differ- ence repre about 320,000 tons Yos able sugar than last year. The refiners are operating at only 35 per cent capacity. The price of re- Iined today was quoted as low as 8.50 cents per pound. Jobbers and reta & subnormal quantit anate consumer has | hand to mouth MARKET CLOSES STRONG. —— Prices React Sharply—Sales Total But 450,000 Shares. - By the Associated Press EW YORK. July 13. yeacted sharply in the of today's market after {wrhul of irregularity. selief that Premier has brought the rep: tions problem @ step nearer solution was an im- yortant factor in the day's buying. Bales approximated 450,000 shares. The closing was strong. A demand appeared for the shares in the late dealings brought about extensive ering operation which number of active share 4 points above Prices. REFINERS AGAIN REDUCE REFINED SUGAR PRICES the Associated Press NEW YORK. July 13.—Raw sugar was quiet early today and apart from a few inquiries from refiners the anarket was featureless. The last eale was at the basis of 5 cents. equ. 10 6.78 for centrifugal, and this re- mains nominally the spot price. Raw sugar futures had an easier opening. but after declining 1 to 5 points under selling on overnight orders, recovered on buying due to a Lelief | that the reduction in fine xranulated would inspire more confi- «dence among buyers, as it has been 1clatively too high, compared with Jaw sugar. g The feature of the refined market a cut in reflners’ list prices to following a similar drop yester- by second hands, but even at the decline, buyers did not appear inter- ested. ' Supplies are liberal and are not disappearing as rapldly as they should at this season of the year. EXCHANGE SEAT LOWER. NEW YORK, July 13.—The New York Stock Exchange membership of “William Palmer Smith has been sold 10 Willlam J. Shea for $91,000, and ihe membership of Willlam Gibson Borland h‘a. been sold to Harry I N al for 8t previous sal ya:wtvs,m— l,‘! A s have ‘bought en buying from Stock prices latter part an early Speculative Baldwin's speech short cov- carried a to nearly vesterday's closing » On the | . and the ulti- | brisk | rafiroad | and | FINANCIAL, THE EVENING STAR, WASHINGTON, D. C. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Ajax Rubber Alaska Gold. Alaska Juneau Allied Chem. Allled Chem pf. Allis Chalmers Allis Chalm p Am Agr Chem. . Am Beet Sugar. Am Bosch...... AmCan..... Am Canpf.... Am Car & Fdy.. Am Chain (A).. Am Chicle Co Am Cotton Oil.. Am Express. AmIce. .. Am Internat’l. Am Locomotive. Am Safe Razor. Am Ship Com. Am Smelting. .. Am Smeit pf. AmSnuff..... Am Steel Fdy Am Sugar...... Am Sumatra. . Am Tel & Teleg. Am Tobacco. Am Tob pf (n) Am Tobac (B).. AmWW7T Am Woolen Am Woolen p Am Wool pf f pd Am Writ Prpf.. Anaconda. . Atchison. 2 Atian Bir & Atl. Atlan Cst Line. Atlantic Fruit. Atlantic Gulf Atl Gulf pf. Atlantic Ref. . Austin Nichols.. Baldwin Loco. .. Balto & Ohlo. .. Ralto & Ohio pf. Barnesdall (A). Beechnut Pack Bath Steel. Br Em Stl 2d pf. Bklyn Edison. .. Bklyn Rap Tran Bklyn R war 2d.. Brown Shoe. ... . Burns Bros (A). Burns Bros (B). Butte Copper Butte & Super. | Calif Pack... Calif Petrol. Central Leath. { Cent Leath pf. Cent RR of NJ 1 Cerro de Pasco. { Chandler Mot. { Chesap & Ohio... Ches & O pfwi. Chi & Alton pf.. hi & E L pf. .. Chi Great W pf. Chi Mil & StP... | Chi Mil &St P pf. |Chi & Northwn. { Chi Pneu Tool Chi RI& Puc. | Chi RI&PE pf. | chi R 1&P 7% pt ChiStPM &O.. | Chile Copper. ! Chino Copper | Coca-Cola. Columbia Gas. . | Columbia Graph | Cons Cigar. iCnl\s sas of NY. Cons Textlle. . Cont Can. . Continental Mot {Corn Products. . Corn Prod pt. Cosden & Co.. Crucible Steel. . Cuban-Am Sug. {Cuba Cane Sug.. Cuba Cane S pf.. Cuban Dom’can. ! Cuban Dom pf. . Cuyamel Fruit.. Davidson Chem. Del & Hudson. .. D Lack & West. Dome Mines.. ... DuSS & Atl pf. Dupont (ED... Durham Hose. . Eastman Kodak i Elec Stor Bat { Elk Horn Coal. .* Endicott-John | Erie. Erle st pf. Erle 2d pf . Famous Players | Fd Mines&S pf.. | Fidelity F Ins. . Fifith Ave Bus | Fisk Rubber. Fleishman..... | Foundation Co | Freeport Texas. {Gen Am Tk Car. | Gen Asphalt. ! Gen Asphalt pf ! Gen Cigar ! Gen Electric. i Gen Motors. .. 1 GEn Mot 7% «deb. | Goodrieh ... Goodyear pf. { Granby Consol | Gray & Davis. i Gt Northern pf Great Nor Ore | Greene-Canan. Gulf St Steel. Harbishaw Cab. | Hayes Wheel Hendee Mfg. Househ'd Prod | Houston Ofl. Hudson Motors Hydraulic Stl. Illinois Central. Ind OIl & Gas. .. Indlan Refining. ! Inlana Steel. | Inland Steel pt.. Inspiration | Interb Rap T Int Cement In Combust E. Int Harvester. .. Int Mer Marine. Int M Marine pf. | Int Nickel. Intl Paper. Int Shoe pf. .. | Invincible OIl. .. | Iron Products. Island Ofl. Jones Tea . ! Jones & Lgh pf. Kansas & Gulf .. { Kansas City S Kansas C So pf. Kayser (Julius) Keily-Spr Tire.. Kelsey Wheel Kennecott...... Keystone Tire Kinney G R. | Kresge (SS) | Laclede Gas. Lehigh Valley. Lig & Myers.... Lig & Myer (B). Lima Locomo... Lorillard pf. Louls & Nash. Mackay Cos. Mack Trucks. Mallinson & Co. Man El inv guar Market StRy. .. Market St prior. Marland Oil. Maxwell (A). Maxwell (B) . May Dp Stor Meintyre Por... Market StR 2d.. Mex Seaboard Mox Seabd ct!: Miami Copper Middle 8t Of1. Midvale Steel. .. Minn & StL (n). Mo Kan & Tex. . MoK & Tex pf.. Mo Pacific...... Mo Pacific pf. Montg'y Ward.. Moon Motors. D214 % 1% 66% 108% 39% 90 18% 301 80% 88 " 109% 150 21% 1% 4% 5% 1% 19 66% BY% 1% 54 9% 130% 827 60% 17% 122 143 1024, 141% 884 84 102 100% 12 39% 99% 1% . 12% 30% 103 113%: 35 4% 115 15 106% S4% 13% 664 1% 18% 1% 1% 107% 5% 5% 31% 97 29 128 84% 18 % 9 22 12% 35% 115 10% 36 % 56% 107% 5% 1% 52 31% 32% 87 83% 4% 57 9% 58 200% 198% 6015 113 91 106% 72 28% 31% 1224 143 102% 142 884% 843 102 100% 12% 40% 99% 1% 112% 2 11% 9%, 105 18% 119% 46% 57 12 61% 46 1 Open. High. Low. Close. 7 7 % 1% 66 107% 40 HA| 13% ! 80% 31% 8944 & 109% 161% 22 13 4% 96% 91 Open. High. Low. Olosa 9 9 99 10% 10% 10% 40% 40% 40% 93 93% 93% k) % el 111% 118% 111% 11% 11% 11% 87 88 87 31 31 30% 46 46 46 28% 284 284 9T4% 98% 9Tim 93 98 93 1% 12K 1% 10 10 10 20% 204 20% 43 43 43 6% 65% 19 17 7% 42% 2% 12% 1% 60% Nash Motors Natl Acme. . Nat Biscuit..... Nat Cloak & S pt Nat Conduit. Natl Lead.... Nevada Copp NOrTex & M N Y Air Brake NY Alr Brk (A). N Y Canners N Y Central..... NY C&StL pf wi NYNH&Hartfd. Norfolk South. . North Amer. North Am pf. North Pacifi Nov Scot Steel % 118% 11% 88 30% 46 28% 98% 98 121 10 20% 43 66 Orpheum Circulf Otis Steel . . Owens Bottle. PacificOll...... Packard Motor. Packard Mot pf. Pan-Am Pete. .. Pan-Am P (B).. B56% Pennsylvania... 43% Penn Seabd Stl. 3 Pere Marquette. 42 Philedelphla Co 43% Phillips Pete. 25% Plerce-Arrow 8% Plerce-Ar pf 18% Plerce O11. 2% Pitts Coal. 59% Pitts & W Va... 42% Postuin Cereal.. 48 Pressed Stl Car. 52 Produc & Ref... 34% 'rod & Ref pf 44 b Service. . 45% Pub Serv 8% pf.. 101 Pullman Co. ..., 114% Punta Alegre... 47\ Pure Ol. . 184 Rapid TranSec. 9% Rap Tran $cpt 32% Ray Con Copper 11 Reading........ 71 Replogle Steel.. 14% Rep Ir & Steel.. 425 RepIr & Stipf.. 89% Reynolds Spr... 21% Rey Tobac (B).. 61% Rey Tobpf B... 114 Royal Dutch.... 45% StL & San Fran 18% St L&San Frpf. 38 t L Southwn... 29 tL South pf... 56 chulte Stores.. 93% eaboard Afr L. 5% Seabd A Lipf. ... Sears Roebuck. Seneca Copper. . Shell Unlon. ... Shell Unfon pf. Simmons....... Sinelair Ofl. Sinclair pt Floss-ShetHeld. . Skelly Ofl. ... So Porto Sugar. South Pacific. Southern Rwy.. Southern Ry pf. 8t 0il of Callf Stand Ofl of N J. 5t Oil of N J pf.. teel & Tube pf . ewart-Warnes trombg Carb Studebaker. . Submarine Bt Tenn Copper. Texas Company. Tex Gulf Sulph. Texas & Pacific. Tex & P C & Ol Timken Bearing Tobaceo Prod. .. Tobacco Prod A. Tobacco Pro pf. Tol St L&W pf.. ‘Trans Cont OIl., Underw'd(new) . Union Ol. . Union Pacific. Un Tank Cr pf. . Un Alloy Steel. . United Ry Inv.. United Fruit.... Utd Ry Inv pf... Utd Retail Strs. U S Cast I Pipe.. U S CastIr P pt. U S Hoffman M.. U S Indus Alco. . US Realty...... USRealtypf... U S Rubber..... USRublistpf.. US Smelt&Ref. . U S Smelt & R p! U S Steel = U S Steel pf. . Utah Copper. Utah Securiti; Vanadium Corp. Va-Car Chem Vivadou. Wabash........ Wabash pf (A). Waldort (new). Wells-Fr Exp. . West Pacific. ... West Pac pf.... Western Union. Westhse E1&M. Wheeling&L E. ‘Wheel & LE pf. White Eag Ofl. . White Oil. ... Wickwire. Wilson Co...... . ‘Wilson & Co pf NElyS Ovarla. - Willys-Overl pf. 64 ‘Woolworth. . 230 234 230 234 Youngstn Tube. 64 64 64 64 High. Low. Last. Call Money ) 5 5 HOURLY SALES OF STOCKS. 11am.... 97500 12m. 153 700 1pm. .186700 2p.m 287000 WOMAN PIED PIPERS HELP ELIMINATE RATS From the London Times. Oddest of all the many nooks and | corners of London is a rat catchers' | colony near Borough road. The men in this colony go to all parts of the world, guaranteeing to clear any home, warehouse or ship of rats with- in forty-elght hours. They employ nets, traps and ferrets in this work, and their operations for a single month Involve the capture of 25,000 rate. They do not kill the rodents, for they have too high & value in medical schools and hospitals for use in d section work and experiment. Th 14 to these institutions at head. During the war the catchers did a huge trade. They supplied the war authorities with 1,000 rats a week for gas experiment Today scores of women are engaged in this queer pursuit. One of their number " recently advertised “5,0 wild rats for saie at reduced prices - NEW YORK EGG PRICES, NEW YORK, July 13—Eggs unset. tled; receipts, 28,597 cases, Fresh-gath- erd firts, 2433a26; New Jerssy hennery whites, locally selected extras, 41ads; nearby hennery whites, locally ed extras, 41ai3; Pacific coast white: firsts to extra firsts, 3234a38. WEEKLY COTTON REPORT. LIVERPOOL, July 13.—Weekly cot- ton statistics: Total forwarded to mills, 37,000 bales, of which 18,000 were American, Btock, 440,000; Amer- ican, 161,000, Imports, 36,000; Amer- ican, 13,000, Exports, 4,000; Ameri~ 3015 7215 23% 687 15% 47 92 99 415 | 95 | 234 | 40%, 9% 118% | 581 4% 32 T ™% 17 16% 8% 9 27TW £ 277 18 34% 174 57 102 56% 15 45 92 99 40% 95 23% 40% 90% - 118% 58% 14% 30 v 18 1 17% | 6% | 124 24% l‘,vi 734 | 21 BUTTER GOES HIGHER. CHICAGO, July 13.—Dutter—Steady to higher; recelpt: ery extras, 8 tra firets, 33 ; standards, 36 ohin Aree. aiaivn receipts, 15, case: ordinary 312 extras 35; storage el jloan: 5. | Intand Creek U FRANESSNOTED INBOND NARKET Foreign Group Is Watched Closely, Yet Changes Are Few—Liberties Firm. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, July 13.—The bond market was firm today, and at times even strong. Speculative rails were a little irregular, and there was some reaction early in the foreign group, but the underlying tone was good. Orders for any large blocks of prime bonds could not have been filled without advancing the price. Active traders asserted it was easier to sell than io buy. Prices for foreign issues were close- 1y watched for uny effect upon senti- ment of the British prime minister's statement. The “market, however, gave no verdict. French bonds opened fractionally below last night's close, but were very dull Other fbreign bonds were reason- :l\\l_\"flrm. ‘There was a brief run up im City of Copenhagen 5%s, with a subsequent reaction. There was not much change in the South American list. Brazilian issues held well. U ed States government were again very firm, with especial “trength in the Treasury 5%s of 1952 which before noon sold up to within # point of par. There were only frac- tional changes in the high-grade rails and industrials. rails loans the New York, d Boston 4%s, a New Haven bond. Some of the Erle issues, on_the other hand, were higher. There were u few weak spots. Prom- inent among them were International Mercantile Marine s, whigh made a new loan for the year, Y:Iling on about an 8% per cent basis. Ameri- can Writing Paper 6s and Virginia- Carolina Chemical 78 also lost ground. WATER WILL REPLACE CLUBS IN PHONE RIOTS By the Associated Press, SPRINGFIELD, Mass. July 13.— Announcement was made today that in dealing with any further outbreaks of disorder here by telephone strikers and mpathizers the police will the fire department and that ¢ will be used to disperse the It has been charged by persons in crowds that have on two recent oc- casions clashed with the police and members of the military police re- serve that the officers were too free in the use of club CALL MONEY RATES. NEW YORK, July ‘13.—Call mon firm; high, 5; low, 5; ruling rate, clesing bid | offered at 51;; last Call ‘Toans against accept- ances, 4%. Time loans firm: mixed collateral, sixty-ninety days. ba5Y; four-six months, 585%; prime com- mercial paper, 6. TODAY'S METAL MARKET.' NEW YORK. July 13.—Copper v: electrolitic spot and near- 14%u14%; futures. 14%a15. Tin srot and nearby, 38.25; fu- 38.12. Iron easier: No. 1 north- 00; No. 2 northern, ¢ southern, 24.00a27.00. spot, 6.00. Zinc steady Louis spot and nearby, 6.2 itimon 6. ——— APOLIS, Minn, July nchange shipments. barrels. Bran, 19.50a20.00, No. 1 northern, 1.04%al 11 Jul; September, 1.041; December, - Corn—N. ellow, $1as2 3 La3siy 55.944 Wheat BOSTON STOCK MARKET. BOSTON, July 13.—Following is a list ::‘ «;.a? l}\l:hvlt.‘ lowest and closing ces for the most active s In here: AecKsidm Low. 0 133 i iy 1014 187 108 61y Ciose. W 20 121% %0 103 17 10% High. s L 20 G ) imeek .. Allonez .00 Am Tel & Tel Amoske; Aria Caly 34% | Connor 1 T Copper Inie Royale B Libby eNeil & Libby Mame Gas ....5. Mohawk : At Leather . ew Cornelia .., orth Butte 014 Dominion . i Shoe i 15hoe Mach ptd Bwift & Co ... Swift 1 “LAW-NOT-WAR” SUNDAY DESIGNATED ON JULY 29 Under the plans of the local “law- not-war” committee, Sunday, July 29, will be designated as “Law-Not-War'" day here. The committee met last night at the offices of the National Council for the Prevention of War, 532 17th street northwest, and chose July 29, because this date has been chosen = by several international groups to urge the importance of set- | tiing disputes by law rather than by war. The committee will meet at the same place on Wednesday evening. July 18, and all residents of Wash ington who are interested are invited. | It is planned to form a committee of 100 citizens to carry out the plan, which will include services in the churches, the placing of posters throughout the city and a mass mee ing Sunday afternoon. g’he officers of the committee are: E. C. Stanton, representing the Irving Street Friends; Miss Cora Hutchinson, secretary, and Miss Jane Gray Allen, treasurer. The executive committee, in charge of the arrangements, in- cludes the following: Charles 'Pid- eon, Miss Frances Crosby. Edwin vans, Edwin_S. Potter, Mrs, Helen Hoy Greeley, Mrs. Bertha V. Ballard and Miss Mabel Ury. ——— WOMAN CLERKS CALLED IN ANDERSON PROBE By the Assoclated Press. NEW YORK, July 13.—Four woman employes in the office of the New York Anti-Saloon League were sum- moned today before the rl.r;t.i Jury investigating charges o reeny, forge! ¥ and extortion against Wi liam H. Anderson, superintendent of the league. ur.“xndemn. who returned today from the home of his parents in Illinols, Rl ‘7 had a bully rest, and the propaganda sent out by the district attorney’s office did not interfere with 1t BAR SILVER QUOTATIONS. LONDON, July 13.—Bar silver, 30 11-16d per ounce Mone: per cent. Discount rates: Sho: 3% per cent. Three-month bills, Atw ‘ar cent, 3. silver, OB July ll;;?” s I'.v | Int Mer Marine 6s. {St Oil of Colif Ts. .. 'ON NEW YORK FRIDAY, JULY 13, 1923 | Grain, Produce aud! BONDS STOCK EXCHANGE ” y S Received by Private Wire Direct to The Star Office. (Bales are in $1,000.) UNITED STATES BONDS. (Fractions represent thirty-seconds. Example: 101-1 means 1011-32) Sales. High. Low. Close. Lib 3%s...... 140 100-15 100-12 100-12 Liblst4¥s.. 91 98-14 98-10 98-14 Lib2d 43s... 338 98-15 98- ~ 98-1¢ Lib3d4%s... 87¢ 99 98-80 98-31 Lib4th4is.. 626 98-16 98-12 98-15 US4%s1952. 287 99-31 99-29 99-31 FOREIGN. Sales. High. 102 9% 100% 96 100% 108% .88 8% 82% 97 101% 100 99% 101% 102 101% 45 90% Close. 101% 1% 100% 96 100% 108% 88 8% 82% 97 101% 99% 99% 101% 101% 101% 441 89% 92% Low. 101% 9% 100% 95% 100 108% 87% 78% 62% 967 101% 99% 99 101% 101% 101% 44% 89% 2% 108 95 90% 95% 95% 90 96 934% 93% 92% 92 80% 79 63% 33 86 100% 110 9% 91% 2% 5% i 106% 100% 93 924 953 98% $5% 684 104% 75'% 112% 1017 88 Argentine 7s. Austria 7s ctfs. Belglum 7%s Belgium 6s. .. Belgium 8s Brazll 7s. Brazil 8s. Canada 548 1929. . Chile Chile 88 1926 Chile 85 1941 : Chinese Gov Ry bs. Copenhagen 5338. . Czechoslovakia 88 Denmark 8s. Denmark 6s. Dutch EI6% Dutch East I 68'47. Dutch East T 6s'62. Framerican 7%s. . French Govt 8s. French Govt 73 Haitl s ctfs. .o Japanese 1st 448, . Japanese 2d 4%s. . Japanese 4s. Lyons 6s. . Mexico b8 Mexico 48 Montevideo 7s. Netherlands aris-Ly's-Med 65 Prague 7%s Queensland 7s. ... Queensland 6s - Rio de Jan 85 1946. Rio de Jan 8= 1947 Rio Gr Do Sul §s a0 Paulo,State.8s. Seine, Dept of, 7s. . erbs Crotes Slo §s Sweden 6s. Toklo 5s. Ud Kingm 512829, Ud Kingm 5135 '37. Ud Steam Copen 65 MISCELLANEOUS. Ajax Rubber Ss.... 2 944 Am Agr Chem 9744 Am Chain s f 6533 9415 Am SmIt&R 1st bs. 90 Am SmIt&R 6s. ... 101% Am Sugar Ref 6s.. 102% AmT & T cv 68 AmT& Tcltrbs.. AmT& Teltrds.. Anaconda cv db 7s. Anaconda 18t 6s Armour & Co 4 Atlantic Refin 5s. . Farnsdalls £ 8s. ... Bell Tel Pa bs rets. Eeth Steel 6125 '53. Beth Steel rf 5s. . Beth Steel pm 5s. Beth Steel s f 6s Brier H 8t 18t 5 Bklyn Edison 7s D. Central Leather 5s Cerro de Pasco 8s. . Chile Copper 6: CInG&ES 5 Commonwth P 6s. . Con Coal Md 1st 5s. Cuban-Am Sug 8s. Cuba Cane cv d 8s. Det Edison ref s6. Du Pont de N 71;s. 9414 120 103 107% 103 1 Empire F&G Tias. . Fisk Rubber 8s. ... Gen Elec deb bs. Gen Refractics 6s oodrich §1ss. . ... Goodyear 85 1931. . Goodyear 88 1941. . Humble O&ZR 51.s. Iilinois Bell 1st 5s. Indiana Steel 58 91 102 114% 98 (B weonheatemaRomeSnms 95% 100 TTH 83 90% 106 964 Int Paper 18t 58 A KCP&Lt5sA 52 Kelly-Spring §s Liggett & Myrs 5s. Lorillard (P) 8s. Manati Sug st Marland Oil 8s '31. Midvale Steel 5s. .. Montana Power 5s. Nat Tube 1st 5s. . ew Eng Tel 53 VY Tel 415 Am Edison 6s. N States Pow bs. .. Northwst B Tel 7s. Otis Steel 8s... Pacific Gas & El 5s PacT & T 53'52. .. Phila Coref 6s A. PiercesArrow 8s. Public Service 5s. . Sharon St H 8s. Sinclair Oil 7s Stnclair Ol 615 W i Sin Crude Of1 5s. $in Crude Oil 6s Sin Pipe Line 58 South Bell Tel bs. So Por Rico Sug 7s 8914 T3 107% 99'% 90% 9014 100% 6% 8374 99 9613 94 90% 904 100% 67% 837 99 96% 94 96% 967 85% 944 9934 104% 103 944 1024 96% 94 96% 967 8635 9% 99t 104% 103% 941 102% 104% 96 864 106Y% 102% 87 96% 79% 7 60% ‘West Unfon 6%;s. .. 108% Wilson & Co 1st 6s. 10 961 Wilson&C cv 7%s. 4 95% 95% Winchester A 7%s. 3 104 104 —— ens 6% 9674 5% 944 9914 104 103 94 102% 104% 96 85% 106% 101% 87 96% 79% 80% 108% 96% 70 =2 550 0 09 10 B 120 1 03 16 B 2 B 01 02 1210 01 0 83 10 ot 1 €0 bt G S Steel & Tube 7s Tenn Elec Pow 6s. Tide Wat Oll 6%s. . Tobacco Prod sf s’ Union Bag & P 68 1J S Rub 1st rf 5s.. U S Rubber 7%s. USSteelsf5s.... Utah Pow & Lt bs. . Vertlentes Sugar 7 864 106% 101% 87 96% 108% 95% 104 TODAY’S COTTON PRICES. {swock: NEW YORK, July 13.—Cotton fu- tures opened steady; July, 27.15; Oc- tober, 23.91; Decembér. 23.48; January, 28.13; March, 23.15. October contracts eased off from 23.95 to 23.83, with the iactive months ruling about 4 to 8 points net lower during the early trading. NEW ORLEANS, July 13.—Cotton ‘utures opened steady. July, 26.75; Oc- tober, 23.15; December, 22.92; Janu- ary, 32.81; March, 22.72." At the high- ost of the morning the trading months Were 23 to 30 points up. Reports of a somewhat easier spot basis in Texas for August delivery worked against values mildly. At 11 o'clock October stood at 23.31. NEW_YORK, July 13.—Cotton fu- tures, 11:46 am.: Bids steady. July, 27.10; October, 24.03; December, 23.58; January, blank; March, 23.26 asked. NEW ORLEANS, July 13.—Cotton futures, 11 a.m.: Bids quiet. July, 26.80 asked; October, 28.81; December,'23.02; January, 22.87; March, 22.86. NEW YORK, July 13.—Cotton fu- tures opened steady; July, 27.15; Oc- 3.91; December, 23.48; Janu- ary, 23.13; March, 23.15. NEW YORK, July 13.—Spot cotton, qulet; middling, 28.00. Cotten future strong; July, .16a227.25; c- e 34.50n74.80; December, 34,06 nuary, 23.80a23.9: March, NEW ORLEANS, July 13.—Cotton futures O}tlfl’l'd! V;I;}'Mlllnfill‘dy at net of 23 to w(‘:’l‘o.:?rln‘d: July, 26.98; October, 33.80.85; December, = 23.61-60; .Jan- ary, 23.4 March, 23.38-44. NEW ORLEANS, July cotton steady, 38 points higher. Sales on the spot, 83_bales; to arrive, none, Low middi 6.63; middling, fl.llwv ling, 28.13." Recelpts, i stock, S18. 13.—Spot 104% | 96 79% | 60%% | | 961 N Y W & Bos 43 86% | Norfolk & W ov 6s. 107% | Northern Pac 3s. 90% | Norther 93% 1O Short Lien 5s '46. 10i% Pennsyl gen 4 1001 | Pennxyl 633, 9715 | Pennsyl gold 7s. .. 9914 | Peoria & E inc 4s 99% | Tol St L & W ds. | Market St en 55 IN Y Cent deb 4s INYCenLScl3tzs {Rapid Tran 6s w i. {Seab'd A L con 6s. . | Southern Ry 614s. | Sou Ry Mobile | Union Pac 1st rf 45 RAILROADS. ‘Bales. Hij Atchison gen 4s 21 Atchison adj 4 16 AtlanticC L 1stds. 1 AtlanticCL4%s.. 8 B&Oprinays... 13 & O gold 4s. & & O6s... & O o &0 &0 SW div 3y, & O Toledo 4s. .. BKIyn R T 7s '21. h. Low. Close. 88% BE% 80% 80% 85 85 84% 84% 95% 95% 78 8% 101 101 9% T9% 83% 83% T4% 74% 94% 94% 64 64 85 85 85 86 9% 9% 112% 112% 112% 112% 79 9% 96% £6% 85% 85% 87% 8% 86 86% 834 834 29% 85 99 79 484 581 6% 64 B B B B B B ... 38 BkIR T 7s 21 ct st. 26 Canadian North 7s. Cunad North 6%s.. 3 Canad Pac deb 4s.. 17 Car Clinch & O 6s.. 8 Central Pacific 4s.. 5 Ches & Ohlo cv 5s.. 15 Ches & Ocvdlgs... 11 Ches & O gn 43;s.. 11 Chi & Alton 3 ! Great West 45. 3 M & Puget Sd 4s. 13 IM&SPrf4lys. 8 i M&St Pevbs.. 16 *hi A 15 8% Del & Hd 1st re d4s. 43 Del & Hudson b3, 10 Den & Rio Gen 4s. 12 Erio 1st con 4s. Erie con ext 7 irie gen 4s {s gonv 45 A le conv 4s D Trunk sf db 6s. . Grand Trunk 7s. B CE Hud & Man ref 5s. . l: Hud & Man ajb5s... 36 111 Cent ref 55 '55 111 Central bls Int Rap Tran bs. .. Int Rap Tr bs stpd Int Rap Tran 7s. .. Int& G Nor ajgs. . Int & G Nor 15t 68. Jowa Cent rf 4s Kansas City S 3s. .. Kansas City S 5 Lake Shore 43 Lake Shore 45 '31 Lehigh Vall, 3 Louls & Nash 6615 £3% 94tn 91% 102% 107% 93% 32 32u 764 63% 24% 503 9214 80 52 *87% 4% 5% 74 1045 89 95% 70% 55 58% 325 29 108% 59% M & StLrfex 5. . StLstre4s. . TprinbsA. 1 TisB. & X K K&T K Qe BB B R mHO RGNS o Pucific 6s. o Pacific 5s 65 1o Pacific gn 4s fontrl Tm 1st 55 New Or Term 4s. . NOTex &M in 6s. N Y Cent gen 3%s. X Y Cent deb 65 NY Centriss Norfolk & W cn 4s. Puc 4s. rthn Pacri 68, Northern Pac6s D, Ore & Calif 1st fis 2 107% 99 101% 101% 897 1084 108% Pennsyl gen 5a.. Pere Marq 1st bs. . 947 67 8414 5% T6% 233 €7 51% 64 894 72% 991 Reading gen 4s. ... RIATK & L4l,s.., St L IM&S R&G 4s. LIM&S 4s’ L&SFpldsA.. L&SF prinbs. StL&SFinc6s.. StL&SF65¥%sD StL &S F adj 6s. StL&SFplésC.. n A& Arn P 4s Seab'd A L 4s sta Seab'd A Lref 4s Seab’d A L adj 5: 23 634 91% 85% 50 95% 67% 1014 76 46% 69 69 M yIng 83 95 04 84y 94% 85 Sou Pacific ev 4, Sou Pacific ref 4s. . Sou Pacific clt 4s.. Southern Ry 1st 55. 6 Southern Ry gn 4s. 17 iz Third Ave adj 5s. .. Union Pac 1st 4s. Union Paccv 4s... Virginfa Ry 1st bs Va Ry & P 1st bs. Wabash Ist 5s. . ‘Wabash 2d bs. Western Md 4s. West Shore 1st 4s. 441y 8ily v4a%, 85 60 80 9474 86 60 59% 80% 80 TOTAL SALES (Par Value): { 1lam.. 1682000 12noon 3446000 1pm.. 4208000 2p.m.. 5048000 Market Flashes at Today’s Close California Packing has declareg the regular quarterly dividend of $1.50 a share. International Railways of Central America declared the regular quar- o terly dividend of 1% per cent in cash ion the preferred. Iron Producte Corporation de- clared the regular quarterly divi- dend of 2 per cent on the preferred York bank clearings, $699. 000,000. New York bank balance 94,000,000. New York Federal Re- serve Bank credits, $77,000,000. New Anthracite shipments during June amounted to 6,634,787 gross tons, against 6,564,285 tons in the previous month, and 'an increase of 602,850 over the same month last year. LIVERPOOL COTTON. - LIVERPOOL, July 13.—Cotton, spot quiet; prices firm. American mid dling, fair, 16.64; good middling, 16.0: fully ‘middling, 15.94; middling, 15.7 low middiing,’ 15,54 good ordinar 15.04; ordinary, 14.74. Sales, 4,000 bales, including 2,600 American. Re- ceipts none. Futures closed quiet and steady.. July, 14.87; September, 13.8 October, 13.25; December, 12.87; Jan- uary, 12.69; March, 12.55; May, 12.42. —_— DIVIDENDS. Pe- Pay- Stock of riod. Rate. able. . Record. Q1 July 24 July 20 July 23 dan. 19 July 20 July 14 Avg. 8 A 7 i July 19 Aug. 3 July 15 July 18 Bep. 5 Company. ‘'Wm. Wrigley, arner & Co. i E €34 | 94% | 21% | FINANC 1AL, Live LOCAL WHOLESALE MARKET. Smiles on the faces of truckers and others engaged in ralsing vegetables this morning told of happiness result- ing from last night's rain. Recent rains, they stated, will largely in- crease the vegetable supplies in a few days. Tomatoes, potatoes and corn will be benefited. Spring chickens are more plentiful than they were a week ago. The chickens also are larger and more in demand. Pricas are lower. Fowls. especlally hens, are not so plentiful. The demand is great and the market strong. Eggs—Strictly fresh, selected, can- dled, per dozen, 27a28; average receipts, 25; southern, 24. Live poultry—Roosters, turkeys, per Ib., 25; per ib.. 36a45; Keats, fowls, per lb., 26, Dressed ' poultry — ¥resh - killed spring chickens, per Ib.. 45a55; win- ter chickens, per 1b., 35; hens, per th., 30; roosters, per | 20; tur- keys, per Ib." 36ai0; keats, youns, eac per 1b., 14; spring chickéns, young, each, 40; choice, per 1b., medium, per 935 thin, per 647. Lambs, spring, per 1b., 12a13; live pigs, 3.00a5.00 each; live hogs, per 1b., 8% Green fruits—Apples. new, per bas- ket, 1,00a2.50. California_orange: {crate, a7.00; Flori 5 Lemons, per box, 6.00a7.50. fruit. 4.00a4.50. Blackberries, , 1.0023.00. 0043.50; pon . Black ragpherries, 104 pberries. 25a35. , per_bbl., 0. Nosth Lettuce, per New York, 50a per crate, t10; b, crate, nearby. '] Romaine lettuce, Cabbage, nearby geplant, per crat 1% bu. basket, 00a5.00 per bbl. Pe: r basket. Peppers, per c arolina, 1.50a3.50. Kale, pe Spinach, per bbl., 4.00a5.00. per_crate, New York, 8.00a8.00. 5a].00. North Carolina lima 2.50a5.00 per basket { GRAIN AND PROVISIONS. BALTIMORE, Md., July 13 (Special). Potato 1.5046.00; 100 1b 2.0043.75; asparagus, doz. 1.50a4.0 beans, hus., 1.00a1.50; lima beans, bus., 2.5043.50; beets, 100, 5.00a7.00: cab- { bage, 100, 7.00a14.00; carrots, 100, 4.0026.00; corn, dos., 10a35: cucum- bers, basket. 60a1.10; eggplants, crate, ; lettuce, bus., 50a1.00; onfons, bus. 1.00a1.50; peas, bus. 200a3.0 peppers, basket, 1.15a2.00; rhubarb, { 100, 4.00a5.00; spinach, bus., 1.50a2.00; | squash. basket, 15a25; tomatoes, buy- ket, 2.00a2.25; bbl, 2.00a bushel basket, basket, 25a80; blackberries, qt 5: cantaloupes, crate, 1.00a3.00 gooseberries, 11 2.50a4.00; huckicherries, qt, 1 oranges, box, 4.50a6.50; peaches, {1.2583.00; pineapples, crate, 3.00a3. {plums, basket, 50a1.00; raspberries, DL, 8a12; watermelons, 25a60. Settling Prices on Grain. 2 red winter, red winter, 6as; grapefruit, | spot, Y garlicky, | spot. 1.08% | Sales—Buag lots of nearby at 7, 90, {91, 95, 95 und 1.02 per bu. Cargoes on grad 2 red winter, garlicky, at 1.05; 2 i 1'at 1.00, Corn—Cob, 4.75 per bu. tract, spot. ¥2% per bu . 2’ corn, 94%; " track corn, yellow, No. 2 or better, 1.03% and 1.04 per bu. Sales— None. Oats—White, No. 2, bu. con- 51% and 52 per 0. 3, 503 and 51 per bu Nearby, $0a80 per bu.; No. 2, western export, spot, 74. Hay—Recelpts none; 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. Struw—No. 1 tangled rye, 116.00: No. 1 ‘wheat, 12.60a13.00; | oat, mominal, 14.00a15.00. 15.00u | No. 1 i DAIRY PRODUCTS. BALTIMORE, July 13 (Special).— Live poultry—Spring chickens, 35448 1b.; Leghorns, 30a38; old. ' 24a37. Hens, Leghorns, 22a23; old roosters, 14a15. Ducks, 14 a 20; spring duck: 28a30. Pigeons, pair, 25a30. | Eggs (loss off)—Native and nearby 24; southern, 22 good to fancy, ; prints, 40a42; nearby creamery. 35a38; ladles, 34a35; rolls, 30a32; |sl:nre-nackrd. 20230; dairy prints, 30 a32. TODAY'S CHICAGO PRICES. CHICAGO, July 13.—Wheat moved upward a little in prices today during | | the early dealings, influenced chiefly | | by some falling off in the volume of ! | hedging sales and optimism in various | | quarters as to a settlement of the {Ruhr problem. The market had a sold- |out appearance, and even ardent bears {seemed disposed to show caution in {view of recent sharp declines. Rec- {ommendations that winter wheat | acreage be reduced tended further to {strengthen the market. according to | the opinion of some traders.. Opening | | quotations, which varied from un- ‘lvhanxrd figures to !y higher, with ptember S o and December 11021 to 1.021;, were followed by a | moderate general advance, with July jand September both rising above 1.00. | Complaints of hot, dry weather in Oklahoma and Texas gave strensgth to the corn market. After opening at Iy decline to a like advance, Septem- {ber 76, corn scored a material ad- { vance all around Oats were upheld by the action of | other cereals, but kept within narrow {limits, starting unchanged to % off, September 343 to 34%, and later making slight general gains Lower quotations weakened the pro- { vision market. Subsequently, black rust talk had more or lesy bullish effect, but in the {final dealings in wheat 'prices re- jceded a bit, owing to estimates that the 1923 Canadian crop would be the |largest on record, more than 100,- | 000,000 bushels in excess of last year. The close was unsettled. | WHEAT— Open. High |qaly . 1 | Beptember .11 0% December 2 Low. “oudy 99 Close. 1.004 { September Decembe Beptem| December ... LARD— September October RIBS September October CHICAGO LIVE STOCK MARKET. CHICAGO, July 13 (United States Department of Agriculture). —Hogs— Receipts, 42,000 head; better grades, 10 to 20 lower; others, 15 to 25 low bulk, 160 to 250 pound averages, 7.45 a7.60; top, 7.65; bulk 260 to 325 pound butchers, 7.30a7.40;, bulk desirable packing sows, 6.10a6.35; desirable pigs, mostly 6.50a7.00; heavy-weight hogs, 6.60a7.55; medium, 6.85a7.6 light, 6.65a7.6 light light, 6.55a7.5! packing sows, smooth, 5.85a6.50; pack- ing 80 rough, 5.76a6.00; killing pigs, 6.25a7.00. Cattle—Recelpts, 4,000 head: killing classes, uneven; less active than Thursday; about steady; no strictly cholce steers here; top matured kinds, 11.15; best yearlings, 10.85; bulk beef steers and yearlings, 9.00a10.25; choice helfer yeariings, 10.25; numerous loads mixed steers and heifers, 8.25a9.350; vealers, steady to 25 lower; bulk to packers, around 11.00; upward to 12.00 REDMIOND CONPANY TAKES INPARTNERS Trading on Local Exchange. Dividend Plans—Other Financial Notes. Redmond & Co., who have been er gaged in the Investment banking business since 1892, announce the ad mission to partnership of Walter Sheppard, Ralph A. Stephenson, Henr. Fairfleld Osborn, jr., and Hermann « Schwab. Mr. Sheppard, prior to his assc tion with Redmond & Co., a8 mana, of their municipal bond departme was formerly associated with t National City Company and Kountz Bros Mr. Stephenson, who recently signed as vico president of the M facturers’ Trust Company b York to become assoclated with Rec mond, was for many years connec with the Boston office of Hi Forbes & Co., and for six years resident manager of their Cans office, Harris, Forbes & Co., Ltd.. wit headquarters in Montreul Mr. Osborn was formerly treasure the Unfon Ol Company, with headqua ters in New York Mr. Schwab has been associated wit Redmond & Co. for some time as ma ager of thelr real estute sceuritic department *having been furm«f!\ av sociated with Brown Bros. & Co. ano Oelrichs & Co. Local Exchange Dealings. Bonds were entirely neglected the Washington Stock Exchange this mornipg, the r ricted trade beink onfined solely to recent favorite tock: 8 1 Traction sold at 90% . slight Iy firmer, and Lanston was unchar t 75, Mergenthaler showed no chan at 149, and Railway preferred eas off to 71% on sales aggregating fifty shares. Washington Market to the extent of forty-one 38. Company so! shares Dividend Action Planned. Directors of the Washington and Trust Company will mee afternoon and declare thefr r quarterly dividend of 2 per payable on August 1 to stockholder: of record. Books for the transfer o the stock will close on July 23 t August 1, both dates inclusive The institution has been on « defi nite annual basis of 10 per cent for 4 number of years and in Februar last an extra disbursement of pe cent was .declared, which wiil as sure stockholders of at least a re turn of 13 per cent on their invest ment during the present year. The Washington Loan an Tru Compuny 18 capitalized at $1,000,00 has a surplus of $1.600.000 and un divided profits of $300,000 2.51 for Every Person in U. §. very man, woman and chil the United States should according to latest Tre tistics, which show the sum of $4.- 789,627 in clrculation on July 1 This €um compares with or $42 , ‘and w per capita on Stocks of gold c the nited was $4.049.1 R money in United $8,603,206,007. compared 250,195 and $8.526,623.65 on June 1, 1923, an 7 and $8,175.602,408 ~respectively June 1. 1922, Bond Offering Announced. S. W. Straus and Company are of fering $1,225,000 first mortguge b6l serial coupon three to twer ¥ bonds secured by the land cquipment_and new mine-story Hote Senator, Sacramento, Calif. Intercst coupons are pavable Januar: 1 and July 1 Regular Dividend Voted. of the National Saving: Company eclared their regular quarterly dividend o 21, per cent, pavable August 1. to stockholders of record Moody's View of Business. Moody’s Weekly Review of conditions in its current in and bullion July 1, stock States with on and Directors and Trust ‘umerous arguments that busi- ness is in a sound c dition sprt no doubt from the feeling on part of financiers that the pu needs to be eassured. Such e sura however. in order to be convincing will probably have to come ultimately from lower operat- ing ratios, more moderate labor costs, firmer commodity prices. a better agricultural outlook, more pendable margins of profit, and great er stability in the prices of securities The argument that counts with the typical investor and business man the one that shows in his own balance sheet. *“In the past whenever a bea ment comparable to this one lowed several months of ‘distribution’—no bull movement sul sequently began until after the stoc market had dragged on bottom & time. and trade conditions had bee placed upon a =ounder footing. Th tokens of soundness invariably w A moderate labor surplus nation of extravagance denoted aller freight car loadings and re steel consumption: a hig! general degree of insolvenc: den by numerous failures of weak co! cerns, and a moderate amount of ge eral liquidation indicated by a fa in_bank exchanges. “The average price of capital! yield of new (nvestment issues for the second quarteér of 1923 was 61 per cent, against 6.05 per cent fo the first quarter, and 7.24 per cent for the first half of 1921 We look for a moderate further rise in the price of capital running the greater par of a yea BUILDING PERMITS DROP. NEW YORK, July 1 New buil ing permits in 153 cities during Ju decreased more than § per cent i1 value as compared with those in Ma) according to Bradstreets. The total value of June permits was $225.090. 818, while the total for May was §2 T14.752. —_— SHORT-TERM SECURITIES (Quotations furnished by Redmond & Co ' ~——Noon. - Bid. Offer 108 1088, Aluminum Co. of Amer. Ts 1925, 1004 ‘Aluminum Co. of Amer. 7s 19 American Cotton Oil 6s 1024. ‘American Sugar 8¢ 103 2 American Tel. & Tel. American Tel. & Tel. Anaconda Cofper Gu 10 h 3! Argentine Rwy. Teather 05 1925... & St. L._0s 1020 LR L& Pac. 5las 1 Chicago Tel. os 1623, Du Pont 7%s 1931 Sugar Ref. T. & R. 8x 1931 Great Hocking Humble 0il Kansas Clty Term. 8x Kennecott Copper 78 1930, Libby, McNell & Libby 7s 1031 M., St P& S. 8. M. 6145 1081 Morrls & Co. 7198 1630, 7% 1930, 8t. Sears, Standard 0il of ¢ Hwift & Co. 5% 193: Tidewater OI] 614 Union Tank Car 8, Rubber Ty 1030, 8, 1036, U Western entinghouss E. & M. s 1631 t1, 1923, 1081 193 and above to outsiders; bulk desir- able bologna bulls, 5.60a5.85. Sheep—Receipts, 8,000 head; active; mostly steady: no western lambs of- fered; bulk good and choice natives, 14,00a14.50; top to city butchers, 14.76; culls, nerally, 8.00a8.50: medium and handy-weight ewes, 4.50a6.50; ex- treme heavies, downward to 3.50. The food research institute of Stan- ford Univeraity is conducting an in- vestigation: to determine whether, gasoline, - efeotric or horse-drawn trucks are most efficlent in deliverl U. 8. TREABURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ——Noon.—— Bid. _ Ofter 99 31-32 100 1 100 1-32° 1003 « 99 15-16 100 1. . 100 3-; 100 3- . 101732 10111 101838 1017 100 1001, 3 100 9 816 lg 532 12. -16 100815, 1091 100 . Maturity— 3%s September 1 4is September 15, 19: December 15, 1023, Mareh 15, 1924 June 15, 1024 September 1 March 15, 1 June 15, 1925 December 15, D 1. i March 15, 1926, Sept 15, 1627, . 02T