Evening Star Newspaper, July 15, 1923, Page 33

-1, 11 to 13; common, thin, 1b., § 9% 11% FINANCIAL.S. = - ; _ THE SUNDAY STAR, WASHINGTON, D. C, JULY 15 1923-PART- 1. , FINANCIAD.” - " 33 ENORMOUS BANK DOV IBMARY FOR THE WG |y g 1922—— Hlm Low.' “Hig n law U. 8. BONDS. High. ww u-r tma i = ;g{ :g uu mnfl 100-13 Liberty 3%s 1532-47 100-1 95 g - 13 ‘ w 97-10 Liberty It 4s 1932-47. - - ]m -] Liberty 1st cvnsaz-u ! o High. Low. High. Low. Rate b “d}l.l:l"ll'lv‘v‘ e ding oty 1 e Gne [10100 9554 9910 96-24 Liberty 2d 435 1927-42.. 98-15 98-10 98-13 436 1 83 i g 2 ¥ > e " 33% + 1 | 10100 u 14 99 15 97-25 Liberty 3d 4% s 1928 . 99 98-13 99 448 48 82 68 5 AdamsExpres: 0% 70% 70% % —— Kelly Springfield Tire. 3 % 101 86 99 96-27 Liberty 4th 4%s 1933 98-16 98-11 98-16 4 40 e L 3 23 10% 19% 9% — Advance Rumley. 10% 106 10% + % 8 Kennecott Copper.." = % |1001s 9350 moos 98-1 Treasury 4%s 1947-62... 99-31 99-22 99-30 426 Reserve Board Discovers| 66 45% 72% 56 4 Air Reduction. 9% 57% 59% — 1% — XKeystone Tire & Rubber 1022 - " |Baldwin Speech Another Bi i L e O T PO S R o e * | e s e mmase i peech Another Bi¢ H . 4 Allied Chemical & Dye. e » resge Olelll)' c e ' Mad Rush to 369 Banking % am et :zfi 4 Allia-Chalmers Mfg. . dou aow 40w + % IT% 2 Lee Rubber & Tire. ok 105 - 1030 08 B e 94E o 1ot o0 100" Development of Week in AR % 7 Allls-Chalmers Mfg pf. = 3% Lehigh Valley £ 104% 94% 98% 93% Belgium 6s 1925... 95% 96% asv. 96% | Institutions for Funds. S 57, 814 71 5 American Bank Note % 17T 58% 4 Lima Locomot © % |108% 98" 103 91 Belgium 85 1941, 100 100% 99% 100% Financial World % 86% 10% —— am Agriculture Che 14% 11% 14% + 3% = % 90" 74 sxv. & Do & s % 9% 1% 8% 1al worid. 72% b55% 68% 29% —— Am Agriculture Chem pf.. 37 32% 87 +7 —— Loft, Incorporated. = % lws esy 91% Brazil 85 1941. 96% 97 96 96% PR SR BIG ANS IN EAST oo Ainest n e B0 ame s % T2 Yormard B, oisoutt: + % |100% 96 99% Canada 5s 1926. 100 100% 100% 100% A mer orillard, P 103% 9 0! GEST LO 88% 51 83% 70 5 Am Brake S & Foundry 0% T0% 700 + % 5 Loulsville & Nashviile. t % 100y 916:2 103‘\132“ g:::g: 552“1‘9‘5’2’ xg& xgg% '33? 19!‘!2 WAGES AGAIN TO FRON1 EREe T s 5 American Can.. 86 + % 1 Melntyre Porcupine Mines + % 1106 100% 104% 100% Chile 85 1946. 101% 101% 101 101% 7 American Can pf. A + aV- — % |108% 98% 102% 100 Chile 8s 1926. 101% 102% 101 102% Most Remarkable Movement Ever 12 American Cur & Foundry. 166% 148% 152% — 3% % + 2% 1106 101% 104% 100 Chile 8s 1941. 101% 101% 100 101% (Trade Balance Once More Favor: 50c Am Chain class A w | 22 21% 21% T )fi —— Macy (R H) & Company. 57 44% 52% 44 Chinese Govt 95 45% 451 44% 44% Noted Here—Huge Sums Put —— American Chicle. .. 13 10 12% + 2% —— Magma Copper...... + % | 98% 85% 924 88% Copenhagen 58 1944. 89% 90% 89% B89% U. S.—Farmers Cry Aloud Into Stock A cottenollvt 1 1 - % = JHLigRon& Co- .. .« +1 100% 85 96 75 Caechoslovakia 8s 1951 o1% 93 92 92 f ocks. —— American Cotton Oll pf = 30% —— Manat Sugar. . % 107 2 i 2 N i ek 4w wx % i & ; ; o 1025107 110% 107 Denmark #a 1945 for Needed Relief. TR e 7— Am Hide & Leathner pf. 32? g;‘n gg:’- ) * l g'l a1 98% 92% Dutch East Indles SR BY HARDEN COLFAX. AmericanIce...... =% e = 7 90% 97% 92 Dutch East Indies 6s 1962, o S . : : 6 American Ice pf 7 79 19 - 8 Market St Rallwdy pr pf. T 2 1024 84% 93" &3 Framerican Ind Dov Tis 1942.. BY CRONGE T HUGHES The entire Atlantic seaboard. from —— American International. 19% + 4 H.fllnd 0il & Refining + % 1108% 93y 101 88% French Govt 8s 1945. ispatch to The Star. Maine to South Carolina, rushed to 1 AmLaF Fire Engine + 3 in-Parry. s — 1% 1101% 91 96% 85 French Govt 7%s 1941 ‘W YORK, July 14 —It has beer the bank to borrow money during —— American Linseed. . o . unnle-onAlknu + % | 93 841 92 84% Holland-American s f 6s 1947 an important week. Stanley Baldwin the past two weeks, according to re- 10 American Locomotive. 33 —— Maxwell Motor, Class A. — % | 95% 86% 93% 92 Japanese 1st 414s 1925 5 = P ~ premier of G t Britai ddre: t he Fedcral Reserve Board —— Am Locomotive (new).. —— Maxwell Motor, Class B. - M| 94% 86% 93% 91y Japanese 2d 4%s 1725. o Demt Eoltain. addvetning urne to the Federal i e 8 American Metal + 5 May Department Stores. -1 88% 72% 83 80 Japanese 4s 1931...... = in form the British parliament and made public yesterday, from the 36 4 American Radlator. + 2 Mexican Seaboard + 1 91 74 84% 76 Jergens Utd Margarine 6s 1947. in fact, France and Germany, has an chief banking institutions in the ter- 25¢ American Safety Razor , i % 2 Mexican Seaboard ctf: il 20 74 83% 69 Lyons 6s 1934. . nounced the British view of the rep ritory affected. —— Am Ship & Commerce. . 1% 10% 11% 2 Miaml Copper. . 1% | 90 74 831 69 Marseilles 6s 1 arations situation. He asserts tha: Fhe amount of monsy fdent by 5 American Smelting & Ref. 58 53 56 - i 130 Middle States Oil. . 70% 471 58% 49 Mexico bs 1954. his s A R 2 7 AmSmelt & Refining pf... 95% 95% 95% + Y —— Miavale Steel. i Mexico 4s 1954 . o hesmaacon 18 poree (Banilc vl theso banks during the fortnight as- 3 American Steel Foundry.. 33% 32% 33% + i —— Mo Kan & Texas new. % | 99 93% 101% 97% Netherlands 6s 1972.. A nae G oeny Sdilly appronches gregates more than $175.000,000 on 4 — American Sugar Refining. 664 60% 62 - % T Mo %n & Téxak e niew % 1118 100" 1020 100" Neeway se 1940, ¥ approache: nearer and n nomic collapse. Eminent economists and statisti rer inevitable e new loans. This is at the rate of about $15.000,000 for every business| ;7 2 day of that period and stands as a| 27 =2 P+t 2 8 ® 2 & a & @ = 7 Am Sugar Refining pf. 10%% 200% 1084 ; . —— Missouri Pacific. —— Am Sumatra Tobacco —— Missouri Pacific pf. :fi 85 664 78% 63% Paris-Lyons-Med 6s 195 4 |112% 106 109% 105% Queensland 7s 1941..... ot thac st % 65% 3215 — Am Sumatra Tobaccopf... 44 32% 44 17 3 MontanaFower, i % 105 97 102% 100 Queensiand 65 1947. clans, summoned by the Departmen ta (',-f.:,n;‘-,,'\, o Borsering. :123‘/‘ 114% 1251 119% 9 Am Telephone & Teleg. —— Montgomery Ward. 5 1 — % |108% o4 7 90 Rio de Janeiro 8s 1946, {of Agriculture, disc m‘u“v o 169% 129% 161% 140 12 American Tobacco. + 3% Moon Motors. . 3 % (106% 9615 1004 95% Sao Paulo, State of, Ss 1936 is less able to buy Am agricul The board's returns show that the | 1655 126 159% 140 12 Am Tobacco Class B 1 Mother Lode Coalition. 98 81 90 75 tural products than a year ago. They wave of borrowing swept inland as{ g5 ¢ 44% 2T — Am Water Works & Flec.. 3% 35 2% N. v think it advisable th h, 3 Cansan C Nevels 2 s & F 3 % Nash Motors. . +3 [106% 94 106 103 isable that wheat acre T e movement was so| 50% 17% @3 481 4 AmW W & Elec par pf. 4 2 —— National Acme + % |122 11215 119% 114% Swiss Confed s £ 85 1940 e e [ ducen e Mesnwiiile. whea strong that nearly $30.000,000 in new [105 = 784 109% 801 7 American Woolen. . 5 3 tional Biscuit + % |115 98% 116 111 United Kingdom 5%s 1929 1121 J oo Telien Dilaw 31 = Miishet i Ohl loans extended by banks or {111% 10214 111% 98% 7 American Woolen pf. & 7 tional Cloak & — % |105% 96 104% 101% United Kingdom 5%s 1937 102% 101% the. R . s \hotn mada iy that Teseive. aintrict. the time | 8T4 221, 34 12 —— Am Writing Paper pf 2 - Y NAPD b it Bion ma e e e e the Joint lonference of an {ha wiive had Teuched Chicago, how: | 21 124 18 § —— AmericanZinc Lead & 5. 55% 6 Nat Enamel & Stampe. =2 1054 100 104% 96% Amer Agri Chemical 7%s 1941.. 97 97% 96% '97% |firmiy. rcfusc a” pledge. to e ever, the board’s compilation shows,| 57 * 45 53% 38 3 Anaconda Copper.«.. 40% 394 40% + 108" 8 Netlockitesd T o |1 pne B ncesesa v A iciaCa R Rl T e o Rl et T eicunesiol oo s srengih kot wews " po i ® B S 4 Amelas S BheIL 11% —— Nevada Con Coppe + % |104% 97 104 100% Amer Sugar Refining 6s 1937... 102 1024 101% 102V | akreement fu reached before tha ably. New loans in that reserve| 86 Goods 1s 83% 83% B83% + dlstrict during the two weeks totaled | 1081 91% 1oow 97~ 6 Atenisen. T‘:)op:;(l“ksi‘e 99% 98 99w — i B aes be s - 100% 91 9% 95 Amer Tel & Tel cl tr Gs 1346. date. Both sides urge the consumer: . 2 - . e 925 0 buy their coat now. G e Nave ‘aribbled. 1 witha| 35% 85 0% 8% 5 Atch Topeka& SFepf... B8N 8Ty 74 - % 3 New York Central g+ nifE S Nk e ¢ “The rallroad brotherhoods have It comparatively puny total of $2,000.-|124% 83 127 110 = 7 Atiantic Coast Line U MELT R —— NYCh&SLwi..... — %' [104% 975 99% 96% Atlantic Refining deb Gs 1937... 98% 981 97% 98v |t be known that they propose to de- 000 In new loans and disappeared,| 43% 1% 34 9% — AtlanticGulf& W1I... TUs 220, THe -+ 93 —— NYCh&SLpfwi. -1 99Y 953 Bell Tel (Pa) ref s 1948....... 7% 971 97% 973 Mand higher wages. ine A entirely spent. 31% 15 27 6% —— Atlantic Gulg & W Ipf 9% = 8% 9% + M Nair ok Cannein:.. ¢ — 1% |95 g6 93‘2 885 Dathlahiors Stesl'n b Ea 1996... 88% 8815 861 gaw | Federation of Labor thinks the Elsewhere throughout the country |1575 117 160 104 Atlantic Refinin. .. . = 39% 6 Ney York Dock pf. 101 95 100% 96 Bethlehem Steel s f 63 1943 o Sl 50 88| opportune to make another attemp: during the same time borrowers not |—— —— 57% 51 —— Atlas Powder (new). - — G5 ; i o = A ethiehem o 100 100 107% 1574 | to,_unionize the steel industry, only failed to increase their obli-{ 40% 9% 35% 17 —— Austin Nichols...... + 14% ¢ 1 o1y [109% 104% 109% 107 Brookiyn Edison 7s D 1340..... i % 107 107 | “The United Suae Ay A o e L DI I AuduNihle. 3 4 — New York Ontarlo & W . “ | 99% 931 99% 984 Central Leather bs 1925. 984 981 9B% 98% | reports a arop of 59: gations, but actually reduced them. i 19 ; 1004 7 Norfolk & Western. . ~2 1138 110 150 116% Cerro de Pasco 8s 1931 119% 120% 117% 120% | amount of forward remarkable ever noted in Washing- | 142% 92% 144% 114% 7 Baldwin Locomotly : 2 . Chile Copper 6 1932. 98% 99% 98 99% lon its books ax Ton. Here is the story of increased| 60% 33% 564 404 Baltimore & Ohlo. . North Americanpf....... o 43 9 Cons Coal (Md) 1st ref 58 1950. % [ makes total orders the smallest sinee N e 66% 521 60% B56% 4 Baltimore & Ohlopf. .. + “ Northern Pacific : s 9T Cuba Cane Sug cv deb 8s 193( the close of AURUSE & YCar ago, Some of Biggest Loanw. =" Forty-five banks throughout New | g5 England lent borrowers an addi- | ‘gas tional $21,853,000 during the two| g9 —— Barnsdall. Class A. —— Barnsdall, Class B. —— Bayuk Bros. 240 Beechnut Pac 5 Bethlehem Steel Ohto Fuel Supply. B i Detroit Edison ref 6s 1940 Orpheum Circuit s 3 i Du Pont de Nem 7%3 1931.. . 5 Empire Fuel & Gas 7%s 1937 Owens Bottle. 3 4,. General Electric deb 5s 1952 Railroad earnings ntinue satis factory. Car loadin or the weck ending June 30 were the greate: railroad the previeus record week of Oct weeks. 4 Pacific Gac & Electric 7 7 Goodrich (B F) 63s 1947. 14, 1920, w b el One hundred and nine banks in |100% SR SRl S O 31% 2 Pacific Oll. i 314 Goodyear Tire 8s 1931. s Bt sl o i New York city and o 39 —— British Empire Stecl2dpf. 19 oo 104 +1 Packard Motor Car. ; “ L Goodyear Tire 88 1341 : the car loadings for the week Their loans by $119,544,000. 124% 8 Brooklyn Edison Electric. 1074 1067 107% + Pl Bl T 4 $ % Humble Ol & Ret 5%a 1932, ) 98 sy o7 98 | the car loadings for the weel At S R 10 Busna Bros. 1o 1204 4 55% 8 Pan-American Pet Trans. 4 - ; 4 Indiana Steel 5s 1952 - 99% 1008 99% 1004 | ings of merchandise. . ¢ ¢ M nd other territory in the third fed- urns Bros " - 3 ; Mer M 6s 1941....... 80% 80 76 76 : eral reserve district increased their| 53 2 Rurns Bros 20 27 + B2 S EEIENOVE ek : Interifer Marine Trade Balance Turn 34% 4 Penna Coal & Coke. S5 35 3 : Inter Paper 5s B 1947 Toans $3.483.000. 0 0c Butte Copper & Zinc. 6% 6 6% s ; BiEhiy:two banks in the fourth fed- | 351t O et son 19% 200 Th 4% 3 Penmsyivania Ruilfold | ad Kelly-Springfield 8s 1531 eral reserve district, with headquar-| e : : Y —— Penn Seaboar E 3 “ a fers ‘at Cleveland, 'increased their | 3ot T e 10 8% o % . 8% 5 EoomakGss Chicago.:.. & : D st Thenis | ports I 1% California Petrolm (new). 22% 204 22~ - % 68 5 DereMarquettoprpf.. .. 6 § G | 92w Midvale Stecl 5 1936. Lerhine more to South Carolina reporting to| 98% 7 California Petroleum pf.. 99% 98% 99 + 2 5 41 4 Philadelphia Company. . ¥ q New England Tel 5s 1952. —— Callahan Zinc & Lead 4 Calumet & Arizona. 10 Canadian Pacific. . 4 —— Central Leather Co. . 41% 3 Philadelphia Copf. .. 2 23 6% New York Edison 1st 63s 1941. 11% Philip Morris & Co. ... . :e\\ \"{urz _"{'e|l ‘6~ 1335“ fizures are $1 Phillips Petroleum. A ew York Tel 4'4s $46.1 P North American Edison 65 1982, 92 93% 92 93% |ty note © the Richmond Federal Reserve Bank | 11% increased loans $3, 66 One hundred and s Chicago district $3.686.000. —— Central Leather Co pf Pacific Gas & Elec s 1942.. import side. I'redictic Tn the Kansas City district seventy- | 245 412 Central Railroad of N J 2 60% Plotes Asrow oriocot. % 9214 Pacific Tel & Tel 55 1952 {ginning of a gold exj seven banks increased loans $2,088,- [ — —— Century Ribbon Mills. A - 8 3% — PlevceOlb. o 3 “ Philadelphia Co ref 65 1 have not been heard of late. 000. 46% 1 Cerrode Pasco Coppe: + 32 5 Public Service 5s 1959. r the most part. commodity pri Large Sums Pald Back. 9% 6 Chandler Motor. . $ - 5 g Pittsburgh Coal. . ... ... : 2 Sinclair Ol 7s 1937 are lower than a week o Against these increases stand the | 12% —— Chicago & Alton DA aieh CoRlit. . 9 5 South Porto Rico Suga : noticeably g0 in fooustuffs. txc B repayments of borrowers in five fed- | 79 4 Chesapeake & Ohlo. . i 5 38— pm.(,,,,,m‘wv.,gm.a ‘ {107% Standard Ofl of Calif 7s 1931.... T e b Bal s eral reserve districts, resulting in a | 105% 615 Chesapeake & Ohio PE. .- - A 6% Union Bag & Paper 6s D. o all these developments, most « reduction in loans as follows: 43% Chicago & East Tllinois. United Drug e o > hem of an unfavorable nature, thes Atlanta district, thirty-nine banks, | 641 —— Chi & East Illinols pf P - ; U'S Rubber 1st & ref 58 1947. 8614 | & 8 h e 3 ressed Steel Car pf + 23 ecurit arke e reacted only 1 & ereduction of 31.471000; St. Louis| 10 — Chicago & Great Western. i + > Producers & Refiners 5 104% 99% U S Steel s f 5s 1963 1100 102% 1024 101% 1024 oy samidateee T o Qiatriot, Sty slx ‘banks, & veduc-|{onw —— Chicago & Gt Western pf.. . 3 Public Service new 2 5 94 84 92% 5% Utah Power & Light 53 194 86% 86% \part ihey have been dull and un trict, o Tiing e L rolE a1} a6k % —— Chi. Milwaukee & St Paul. 8 Pullman Co. 3 7 991, 94 98 75 Va-Carolina Chem s f7 7 79 % | changed.. When the first reports » ars ST T 55 i. Milwaukee & St P pf.. 33 — phiith Mlegte Shmes : 99 901 984 54 Va-Carolina Chem 7i%s 37 war. 584 6l the Britisn nrime “minixter's e two Ky e 95% 5 Chicago & Northwestern. 71% 2 Pure Ofl. : 114 106% 111% 106 Western Union Tel 632s 1936. 108!z | reached Wall s ¥t e ot Hctim ot ¥ 5 7 Chicago & Northwest pf... 109% & SRUGRL St Sirloes 1% |102% 837 102 95 Wilson & Co st 65 1941 . 973 | were quite dlifferent from what b banks, a reduction of r'fiz“m 00, X | s 5 Chicago Pneumatic Tool.. 179% Baiaatie . o 8 b {1100 84 105 93 Wilson & Co cv Tis 1931 95% | been expected. With ‘the heavy jncrease in bank | 30 30% g'l'fi ‘ég R (C“l;:r,t{l;o&!'i,l s'zn!’nsclflc 5;:: g = N 9% Ranid Transit w i. g 9 + % =3 n,un‘.mlmn - i Trading Almost at Standstill. loans. the total stands tod cord- | 93% 70% 85 e e = a s 2 3 5 90%;- 8414 Atchlson zeu s 19 | The British statesman’s vigoro. ing to the board's figures. wt searly |105 8% 9 7% 7 Chi R1& Pacific 81 BviaZeannic {"d“(' : ¥ 825 Atlantic Coast Line Tst 4x 1 85 {language did not seem calculated i $12,000,000.000, an increase of $622.-| 29% 15% 30% 241 21 Chile Copper 25% Bl L CopRet. 46 931; Balto & Ohio pr In 3ies 1925 sa\.m,.un..w the difference between th 000,000 within six months and of| 33% 22% 31% 17 —— Chino Copper. 19 g e 8§11 74% Balto & Ohio gold 4s 1948 79% ! British and the French view more than $1,000,000,000 within a year.| 70% 43 76% 60 5 Cluett-Peabody. . 6114 +agne e 2t + 3 BeElEaRtil y 101% 99 Baito & Ohio 6s 1929, 101’ | was there anything in the These figures represent the combined | 82% 41 83% 72% 7 Coca-Cola. - 7% 16 2 Bl g ; it g 1% 77 Balto & Ohio cv 41 794 | as far as Wall strece could a loans of of the largest banks in| 37 24 35% 26 -— Colorado F' rol 28 % 5 ik ,,:',';‘"'{ e ero. 85 %0 Balto & Ohio ref 995 837 ( which would cle way the dark the chief citles of the United States.| 53'% 38 45% 27% 3 Colorado Southern. 284 R ,‘" 5 i 78% 72 B& O Pits LE & W V 8% | clouds which hang over the who They are veering rapidly toward the |114% 64% 114 911 780 Columbia Gas & Elec 95% BUA S Ikon & Sveel - 95% 91 B & O Southwn div 3% 941, | continent of Burope. To that exten high mark set in 1920, just prior to|—— —— 37% 30% 260 Columbia Gas (new). 33 Republic Ir & Steel pf 12k a10% it was disappumting. but prices o the period of economic readjustment, | 19% 45 4 Columbiu Carbon . Reynolds Spring. Yo o not euken matentilly. B ol sim put have not vet come near the dan-| 50 431 46 25 —— Commercial Solvents, A... 32 “”'“"‘,‘f"\"'"";“""'fi-' : 6 g ’ 94~ 891 Carolina Clinch & Ohlo 5s 1935 3y stopped, Tiad news is ot diva e ie 47% 30 30 15 -— Commercial Solvents. B... 25 Stowe L $1% 88 81% Central Pacillc 4s 1949, 2 e L L e Money Put in Stocks. 791, 55% 831 67 6 Comput Tab Record... P S st 841, 964 86 Chesapeake & Ohio cv &s 1 R CaIihs. SOMABGaS TRt e I Where did the money go? The an-| 18% 13% 22% 12 —— Conley Tin Foil.. i g pri et g 821 §9% 85 Chesapeake & Ohio cv 4 to sell at & lower ngure £wer, as indicated by the b, 423, 18% 39% 18 —— Consolidated Cigar. . 21% ‘ e e L §2% 86% 80% Chesapeake & Ohio gn 4 As a matter of fact, Mr. Baldwir tabulation, is almost as “L(nuZ‘;'“.i 145% 85 69% B6% 5 Consolidated Gas new. 60% 58 5 3 % 6 Cr s T £ v 50% b4% 504 Chicago & Alton 3s 1949 did not add to the world’s store o the fact itself. It appears to have| 16% 9 1413 7 —— Consolidated Textlle. % 1 & = P S = 3 331% 21% Chicago & Alton 3%s information during all his discussion gpne: to the extent of between 60 and [115% 45% 504 42% 4 Continental Can.... 6% + Seaboard Air Li 96% 101 96% Chi B & Quincy 1st ref More important developmen be eper cent. into the stock market.| 11% 10% 124 6% —— Continental Motors. 5 g + 8 Reabona AteLine ot 4 81% 77% Chi & Eastern 11l gen 5s 1951... {expected wien the Britis -ply ”‘(h'h-)rhv S no absolute proof of | 134% 91% 139% 114% 7% Corn Products Ref. 121% S oG RiELane vt b4 47% Chi Great Western 4s 1959.... Germiny is formally drawn upane ”::«’t 26 Indications all point to that {122% 111 122% 116% 7 Corn Products Ref pf 117 3 Chi M & St Paul ref 43s 2014.. presented to the allies for l"lr.l'_'; clusion. The inference is based on % 62% $7% 4 CosdenCompany. 40% Chi M & St Paul cv s 2014 formation and comment.” It will prob the ch. 54 31 Shell Union Oil 11 erve judg t for aracter of the loans, as dis- o % v < 4 Crucible Steel. 65% E . Sl Chi M & St Paul cv 4%s 1932 iy benwell to reacnye Judgment i b 98% 52% 84% 61% 3 SRiony € Be oFesent 3 : bperas raporta. 100 80 94% 86% 7 Crucible Stee 86% 6% e e Chi M & St Paul gen 4325 1989. the presen y lent $119,544:000 on stocke manonces | 28, 11 37TH 284 Cuban Amerncan e : Sincinir Con Ol Chicago Rgilways 5s 1927.. Wheat Growers' Lot Hard. stocks and bonds b 2 2" 7 Cuban.AmericanSugarpt. 92 5 = Chi R I & Pacific ref 4s 193 Of more immediate importance it 'r’.i’én',"fm‘j‘x‘ v B AN unusuNlly o e 20 i Cuba Cane Sugar. s 11% Stuclair Con O1l pf. Chi Union Station 4%s 1964. tle domestic agricultural situation kets when the publie 1o m o Mar- | .0 16% 64% 87% — Cuba Cane Sugar p Rt IS e Chi Union Station 6s 1963 | Admittedly the wheat growers lot it ying like a s Sl S oss-Sheffield Sti & Tron 5 Western Tnd con 481983 a hard The present price is be drunken sailor. Other kinds of 1 _ 12% 3 Cuban-Dominican Sugar. 5 5 33 outh Porto Rico S Chi & We: X b it In the New 'York district barely |—— —— 69 54ta 1 CuyamelFruit.. = s h v SouthernEacife C CC&StL ref 65 A 192, low the alowt for reler—n oy toved. Half of the new loans of the | 65% 23% 38% 20% —— Davison Chemical 34% Sotthern Rattwe ® 4 4 Cleveland Term 5lgs 1972 e et ot st o , n Railway 5 < : 5% 1952 4 2% {0 which the politicizns profess t New England banks were made on the | 24% ~— De Beers Mines. .. 24 Southern Rallway 8 Cuhgs 1o re 86, .36 85 86 |ilha a willing ear. Now it does ne same sort of security, the other half, | 141% 9 Delaware & Hudson . 107 S lchr Mandtactot Deldware & Hudson 5%s 1937.. 9% 100 99 99 | <nf, & WOl eotm, ROW Tt COU8 apparently. to satisfy the legiti 43 6 Delaware, Lacka & West.. 114 oS! utacturing. Den & Rio Grande con 4s 193 4 i*m that many, if not all, of the requirements of business. Cameeroct |3 8 Detroit Edi W relionIa Den & Rio Grande 1st ref 5s 1955 47% traibin IHASINANE, O 100 Ak e T onserva- | 118% etro son S 5 Standard Ofl of N.J. en G s 7 {Drovoraly for a rimeds woull mak: 4 Dome Mines. Detroit United 4%s 1932. lent but a meas| million on stocks and bonds." Anernry 133-/% million was lent on govarnment bonds | 1oot —which may have been hypothecatoq | 20% for stock market purposes—and the | 55% remainder s to have gone fto| 2B, business ente Ylhl‘h worse. It is not particulari: h(»lpl'ul to point out ceaselessly that ng is always a failure. h barm to charge that the are sceking class privileges point is that the grain grow 6 Du Pont de Nemours. B araOn oty "' Erie 1st con 48 1996. t %0 7% Eastman Koda . ; . 8 Stetitng Prooucs ’ . 3 Erie gen lien 43 1496, 2| 2 ? K - 5 Endicott-Johnson : ‘ 65% 6 - oot A Srand Trunk s f deb 6s 1936, The —E < Grand Trunk 7s 1940, : 1124 | ers have lesitimate cause for com- upon th SR eavy ca Y =S 3 i oy em. + Great Northern gen 5%s 1 ' BN I S Ty vl u"s.o»n_usnb?:knm:.:r(r:: ”5“ LA b 8 e 78 5 e S OOy - .- A2 + Ton 8 Hudson & Manhattan ref os 195 791 50 78y 793 Sympathetic car thes must expee SIBO00000. & more than 60 per cent | 107 ramous Player y.. 78 15— 3 Texas Gulf Sulphur T & Manhattan adf b¢ 1965 36v 60 sow gon|*uch sbread of radical sentimen {UMILY of atocks and bonds. Cleveland | et 5" 13 5 B R aMiemcasmac.. 3 E : e Tllinois Central 5is 1934. 10136 SOEOUSHEUL the W eRe 188 L o Phsloie apsoay o bonds. eland |16y " > 3 : : 3 Texas & Pacific Inter Rapid Transft 5s 19| 613 1o bhactire. ¢ fied with that form of security. o | {00 (20, (o MK T ok Phobuix Fire Tosur. as t Third Avenue. . Inter Rapid Transit cy 7s 193 - Mont Encouraging Step. . for | 10715 100% 138 102 6 Fidel-Phoenix Fire Insur. 111 2 A 3 94 - Tide Water Ofl. 4 Inter & Great Nor adj 6s 1952. .. they “did not demand gov A + 361 | i government 10% 7% 64c Fifth Avenue Bus 87 4 o o o ing step of thi bomas e ol SO 02 eTRment lon 40 S Dituemer, %o : ; Torar plene : Ean CT{ Scott & M s 1336 .. b S| Saneliel Snepann Aty % odation extended bor- 2 Fleish Ce 2 26k 4 6 Kansas City Southern 3s 1950. 66 66 e rowers. Forty per cent of th 47% 37% 13 eishmann Company 43% + 85 Tobacco ProductsClass A. 3 < Southern Gs 1950 84 84y, 8315 w31, | reserve Loard in directing its agents in that district went into' masothS (—— —— 71% 64% 6 Foundation Company 69% 67 69% + 2 Tobacco Products pf. 1100 gt s 84% R Y s @ 83 83110 aqvise wheat growers how to tuke channels. usindss | o0 "o 22 9% — Freeport-Texas..... 10% 1% + % Toledo StL & Westn pf ctts 59 : e b St [advantage of the facilities affordes “The board's figures afford virtuaily " 14% 8% — Gardner Motor. ... 81 8% — % Transcontinental Oil..... 6 e % Tohth Vatley 6s 1936 e no Index as to the probable life of | 80 45% 1% 43% 3 General AmericanTank. % 45 + % Twin City Rapid Transit ' Louls & Nash unified 4s 1940 e o (o weRscn oy i l’,:;,:::';’o‘";’"l‘, movement. but there | 73% 37% 54 24% —— General Asphalt... " 0 Underwood T)peur!ler 2 3 Lfi'.‘..i & Nash 1st ref 5%s 2003 108 et cx '“';:.‘.Jl(‘i'm.:“o‘xl be llone 4 will. soon be smenc son (0 believe it {111 68% 88 61 6 General Asphalt pf. - 2% 2 : Unlon Pacific. : § 12 " Market St Ry con 5s 1924. . 93% | finance his surplus product than there nt. Rather, it | 90% 170% 8 General Electric g T ncvelocatios seeme100c IR, MO8 R ey e e Unlon Pacific p 72! Mil Elec Ky & Lt 1st ref 5s ‘61 {ix to prohibit the speculator from: Net Increaxe in Lonns, i . 4 120 General Motors. .. + %30 3 Unived Aoy Breel 2 7 B i T JidatuayCns s'fmfm‘"x.* ) ermhe, meL Increase i lowns for the General Motora i, —1 United Drug : : 1 : ; % Mo Kan & Tex pr In 58 A 1 country, $161,000.000 for Ln eneral Motors 6% deb. ~1% United Fruit.. . Mo Kan & Tex adj bs 1967 ! t k ™ ‘ ol 2 o X T e Tkt s lu]:z[:;.j‘ in the ratlo General Motors 1% deb. 7 United Ratlway Invest 0 3 ¢ Missouri Pacific & 1949, . PRICES OF WHEA rm-‘;mx“h; and $101,000,000 for the sen Glidden Company % + U'x‘:ll:d n‘:ty-u“.;xe::e':’ 3 % - o 7 N‘g‘-’ruer; ;‘;h: F:c"s:msa - a | ond. Were that ratio to be mai Goldwyn Pictures 1 USCCIP & Foundry. s 1% New York Central deb 6s 1935. . SCORE NEw Lows veghrded as comcoks more—which is Goodrich (B F) Compa 26% 24% 26% + % U 8 Hoffman Machine 21 New York Cent deb 4s 1934.... s oo fomey unlikely here Goodrich (BF) Copf..... 81 81 81 — 5 U S Industriul Alcohol. . l New York Cent ref Imp 5s 013. of nearly $400.000, .;'nrfhfm borrowings Goodyear T & R pf. 94 92% 93 — % United States R & Imp. b N Y NH & H cv deb 65 1948 Aiicus Goodyear T& RS% Df.... b51% 46 49% + 6% United States Rubber. o N Y West & Boston 414s 1946 “ | Future Deliveries Go Down Fnrthel o Granby Cnnl-ollduted.. -7 19 17% 19 + 2% W S Rubber Ist pf 2 Norfolk & Western con 4s 199§ c Out S BT e Gray & Davis. .. United States Steel. = Norfolk & Western cv 6s 1929.. on Big Crop Out- LIVE STOCK MARKETS, Great Northern pf -1 United States Steel pf. Northern Pacifie 3s 1947 BALTINORE, Ma. Jule 14 e g::-e;:l(o;!::::fé; i + 2 Utah Copper Tk Northern Pacific 4s 1997 look. VR Gemung ceataeiy T astipeek a7 a0 ok 44% —— Gulf, Moblle & North pt. 49 49% — % Van Raalte, o Ore Short Line ref 4s 1929. CHICAGO, July 14.—All future de” stock and common to ordinary saiie| 94% 44% 104% 66 4 Gulf StatesSteel..... + % B Ore-Wash 1st ref 4s 1961 79% {liveries of wheat dropped today tc %o low sale at lower values | 95% 80% 7 Hartman Corporation. ‘v % o 93% 101% 98 Pennsylvanla gen 5s 1968 100414 new low price rec i surplus of choice veal calves or 44 81 3 Hayes Wheel..... I i % 93k 103 88 Pennsylvania gen 4%s 19 891 e Raabaete HoF A 01 sheon acnin being 3%, 20% 8\ ibteshots DEvouct + W e 103% 111% 106% Pennsylvania Gls 1936. 108 108% 1075 luuw Ly aad & decline dn L suppiy. ~ Quotations goday at A Faenne. - 1% ¥ o% 29% 30 21 Peorla & Eastern Inc 4s X %1 hool quotations, together with street ‘whart: 32% 20 21 Hudson Moto + 1% % Yo% $8% 98 92% Pere Marquette 1st 5s 1950 end adjustment of trades her Beef cattle, frst, agality. b 8 10 27% 10% 29% 16% 1 Huppmobile Motor Car RS- Waldorf System (new). a 88 81 Reading gen 4s 1997, 4 i decided bearish eff The mark 9; medium, 1b., 6 7. Bulls, 116% 97% 117% 106 7 Illinois Central...... o ” 60% Rio Grande Western it 45 1949, { Cloxed net Jowe s as to 1 Wells-Fargo. . A 621 68 guality. 5. 470 6. Cows cnoies 191 21 Y1’ 5w —— Independent OUf & Gas TS Western Electric pf. . 76% B4 2% RIATK & L 435 1934..... ptember fancy. ib., & to 6; common to fair. Ib, |—— —— 46% 31% 2% Inland Steel..... — Western Maryland. i 8. 88 WWSLLIM&SE&G (s 1333, 76% | cember 1.011% to 1 2% to 4. Oxen, as to quality, 1b., 4| 45 31 43% 27% 2 Inspiration Copper. + % ‘Western M: y, d 24 pt. 70% 66 L & San Fran prln 4s A nsn 67 !unchanged to 1% 1oas sonnk oows, choice o' fafiey | 8215 17% 22% 9% —— Interboro Rapld Transit.. 124 11% 12% - it Fprt o el § o, 5% 80 L & San Fran'pr In s 1550. 8lis|to %ad% off. and Drovisicons to 5000, Calves. vea,| 434 28% 39% 7 — InterAgriculturalpt..... 9% T4 9% +1 ey i Sore| With " reporis. at Tiand _ina 11" to 11%; ordinary fy! 38% 26 44 31 3 International Cement. 34% 34% 34% + Y% +1 9 88 San F a3 68 1956, S DL wehaa 8 to 10; rough, common.| 30% 20% 27% 19% 2 Internat Comb Engine. 21% 20% 21% + 1% W £, 80% 1 70% 8t Lo.& Ban Fran adj €5 1356. ... { Gatlontiis st 5 _to 7. Sheep, choice, Ib.$ 26% 16% 25 t & Great North... 21 19% 19% — 1% West'ghouse Elec & Mfg. . ¥ 46% 39% Seaboard Air Line ref 4s 1959. cellent ra 5 o o e R T tional Har, new - % Wheeling & Lake Erie 3214 22% Seaboard Alr Line adj bs 1949, 9:, 1 clopments, 1 2%. ' Lamb, spring.| 27% 8% —— Inter Merchant Mrain: Wheeling & Lake E pf. .. e 68 68% Seaboard Alr Line con 6s 1945 Showed Tice, Th. 14 %0 T Tl to oo, 8% 41% —— Int Merchant Marine pf. + % White Eagle Oil 92% 90 Southern Pacific cv 4s 1929.. White Motors. ... ry 88% 834 Southern Pacific ref 4s 1535. to 10. Hogs, straight, 1b., 7 to §. Sows, 13“ 43% 58% 34% International Paper. L Wickwire Lo 3 Southern Pacific col 45 1949. lz:"ssfizoG;iigg“.'a'zo':;’ub:.'.‘;"qu'."n'u‘ 80% g9 5% 63 6 per p.stampe 63% 63 63 —3 | sows Wi car b 1b,, 10 to 12 Shoats, to size, quality,|——— ———— 1% 64% 6 Int Telephone & Teleg. 65 65 Willys-Overiand. . 69 1 Io, 8 to 1 2% 12% 19 9% — InvincibleOll. 10% 10 10% + % Willys-Overland pf el 1023 100 Soutnern Ry dev 61is 1 S 53% 58% 34% — Iron Products. 36 - 34% 36- + % % 26 Wisconsin Central. ....... A 63 45 Third Ave adj 5s 1560 W YORK, July 14—Cattle—Re-| 2214 10 24 17% — Jewel Tea. 8% 18 18 199% 8 Woolworth (W) 93% 88% Union Pacific 1st 4s celpts, 240 head: no_trading. T6% 38% 82 62 — Jewell Tea pf. o 8n stn % ~—— Worthington Pump. 95% 94 Union Pacific cv 4x 19 Ves—Recelpte; 000 head; steadyi| e 34ty 3% 50 4 Jones Bros Tea. L ST 56 51 T % 5 Youngstown Sheet&T.... (e ey A el eep and lambs—Recelpts, 3,250|100% 107! 109% 107 7 Jones & Laugh f. - 107% 107% 107% + % Dividend rates as givem in the above table a 8k §o% Western Maryland ix 1953 head; steady; sheep, 3.50a6.00: culls.| 30% 17 24% 16% —— Kansas City Southern - 1% 17% 1T% - % based on the latest qmtorly or half yu.rc!{ “"u ‘78 . Western Pacific bs 1946 2.0023.00;-lambs, 9.00a16.00; culls, 8.00 ~== Kayser (Julius) £Co..... 30 tra -«m Mu are not 1. % ; . b 7. 77 West Shore Iat ds 2361.