Evening Star Newspaper, July 21, 1923, Page 19

FINANCIAL." THE "EVENING “STAR, 'WASHINGTO N, D. C., SATURDAY, JULY 21, -1923. FINANCIAL. 19 SELLINGIN OILS UNSETTLES STOCKS Phillips Petroleum Leads ‘Break to New Low for Sea- son—Whole List Weak. he market its t upward Iling in the oil group rest of the list after »d con- WNEW YOR} today course. Heavy s undermined t pric sty revers had sth I traders, who have been ance of . concentrated their efforts recent cuts in those shares openin sider Pry skepti the adv against erud displ Ll out the maintel the o issue mak oil pr itive Some of o pressu the motors and cquipments The Pan- weake: alse Ame 1o ing ove The « reoxing LEADERS JOIN SLUMP. sharply. were 500,000 shares Studebaker. Baldwin and Steel s Common Lose Ground. BY STUART P, WEST. Special Dispatei 1o The Sty NEW YORK, July 21 Prices went somewhat he stock ex- cud of the 1o weakest w for the cted badly tal plan ch the au- d from a stock this e p vagant Now, oil prices, the qu her the ordina of $2 a share that payn with the f wd Oil Alo over a by the recent oy , Baldwin and «w few c v omore while was the neli aker point in the oils r they were el comm fent steel ly Beth- 0 Products. Ppedred again issues, following that the deal with an Company s and that ‘it will giving ipon ¢ Some spec 1 Tol duc vesterday's report b itivh-Amer mpletion ent To- th Il were lower, ing in- e in Con- sign borrowin ned outside the M much conse- Sver e {Chi Mil & St I S \meri. | Chi Mil &St P p£. short |CRIRI& Oren. Adv Rumley.... 11 Air Reduction.. 63% Ajax Rubber 7 Allied Chem. 68% Allis Chalmers.. 42% Am Agr Chem.. 14 Am Beet Sugar. 32% Am Bosch 35 Am Can. Loy Am Can pf. 108% Am Car & Fdy.. 159 Am Car & F pf.. 125% Am Cotfon OI.. 4% Am Cot Ofl pf... 16% Am Druggist 5 AmH & Leapf.. 39 AmIce......... 95 Am Internatl... 20% Am La Franc 11% Am Locomotive. 68% Am Metals. . 44% Am Radiator’ 81 Am Safe Razor. 6% Am Ship & Com. 13% | Am Smelting 58% Am Steel Fdy... 35 Am Sugar Am Tel & Teleg. Am Tobac (B).. Am Tob pf (n) Am Woolen. . Am Woolen pf. Am Zine & Lead. 10 Anacond: 42 Asso D Goods... 84 oclated Oil. . 110 Atchison. 99% Atchison pt Baly Atlan Cst Line Atian Bir & Atl. Atlantic Frui Atlantic Gulf Atl Gulf pf Atlas Tac Austin Nichols aldwin Loco. Balto & Ohio. .. alto & Ohio pf. Batopilas Min. Bayuk Bros. Beechnut Pack. Beth Steel. ..... BKlyn Rap Tran Bkiyn R war 2d Bklyn Un Gas. Burns Bros (B). Butte & Super. .. Caddo Oil. .. Calif Pack Calif Petrol. Calif Petrol pf Callahan Zine. .. umet & Hecl anadian Pac. Cent Leath pf. Century Rib Mili Serro de Pasco. andler Mot. Chesap & Ohio Chi R1&P6% Chi R I&P 7 Chile Coppar . 2 Chino Copper... 2 Cluett Peabody. 63 Coca-Cola. 8% Colo Fuel 29 Columbia S. . Columbia Graph Columbn Carboun Conley Tin Foil. ‘Cons Gas of NY { Cons Textile. {Cont Can..... { Continental Mot Corn I'roducts. . Cosden & Co. . Cosden pf { Crucible 8 Davidson Chen De Beers Del & Hudson. .. D Lack & West. Tow. 11 63% 6% 67% 42% 14 32% 34% 91ty s 108% 168% 126% Exchangze Ratex Higher. }E“::;:L“"(!onm“ o E 5 {Dupont (B 1)... 119% 121 119% or, ug | Eastman Kodak 108 108 * 107% g he | Elec Stor Bat... 57% B67% 67 Presumablyipngicott-John.. 68% 6814 684 8 befor neel Brie. 12% 12% 12% e demcorit= | Eriedstpt. 19% 20 19% e nmiErie2dpf...... 13% 13% 13% ¥|Exchange Buffer 2215 221 22% sercantile reviews T e ot e e of e | Famous Players 5% 76 7% L e et o T oat amona Playiot.- 801 400 %0 tuation, namely that there has been | Fidelity F In ne undu hP of goods by ! Fisher Body. 5 urers, Dun's|{Fisher BofOpf 98 98 98 ious | Fisk Rubber.. 8l 8% 8% ble mer- | Fleishman. 44 4% bed and | Founaation 7 76% small stocks are in|Freeport Texas. 12k 124 124 Gen Am Tk Car. 41% 431, 413 Gen Asphalt. 29 EDITORS HAIL EDWARDS L 1T4% 1745 174 Gen Motors..... 13% 18% 13% AS PRESIDENT IN 1924 |Gen Mot 6% deb. 81 81 81 Gimbel Bres. 4 T Goodrich. New Jersey Senator’s Speech of | Goodrich pf q RS . 3 y Conso! 2 Welcome Brings Cheers From | G aoomernof.. 66% a5% 65% 300 Newspaper Heads. Guif St Steel.... 4% 74% 73% Harbishaw Cab. % % & ; Hayes Wheel 36% 36% 364 July — ! Househ'd Prod.. 33% 33% 331 A eerea y | Houston OMl..... B4 s s 300 1hembers of the National Editorial { Hudson Motors. 24 \ssociation as “the next President of | Hupp Motors 20 20 20 ihe United States,” when he delivered | Hydraulic Stl. 1% 1% 1% an address today_ to the cditor o c 8% 108% tour about New York, after con m&?;ns‘?tral log% ms% 3 ng Lu\ul’m nnual convention at Inland Steel.... ?l,‘/‘ 3"{:‘. g;:% Crics of “Teddy Bdwards, our next |Inspiration. .. o veral minutes and | (nterb Rap .. 13% 18% 13% to curtail his|InAgChemical. 3 3 In Ag Chem pf. 8% 8% 8% s planned to inspect sev- | Int Cement 37 87 87 I plants in the vicinity |In CombustE... 28% 23% 23% Jersey City this morning, have | Int Harvester... 7% 7T% 7% sunch aboard the steamship George | [nt M Marine pf. 25 25 24% Washington and later visit Newark | Int Nickel 13% 13% 13% R ranaaic \lerim. | Intl Paper 87 31 % Tomorrow there will be a pilgrim- (1t R U Bi% 64% 64% > to the grave of Theodore Roose- 2 29 29 29 ¢t at Oyster I The editors spent | Intertypoe COtP-+ 0 JoL. 0% st night in New York after a boat |Invincible Ol e down the Hudson with a stop at | Jones Tea. . 59 59 68% West Point. Kansas City S.. 18% 18% 18% Kelly-Spr Tire.. 85% 85% 30 BANKER HITS BLACKMAIL, |scocrivest-- 35, 31, 32 + | Kennecott...... 85% 85% 36% e Keystone Tire.. 5% 5% 6% Resigns to Fight Pair Who Threat- | Lehigh Valley.. 624 22% 2;% . omo... 63% 64 % ed Him Under Mann Act. | LimaLocor ' e o SBRT D, Ohio, July 21.— |Loose-Wiles.... 4 Johs L. 11, banker Who is ex- | Louis & Nash... 89% 89% 89% ted to be the prosecuting witness “Dlackmalling chares against Don | Mack Trucks, .. 7% I7H 76K sborne and Rose Putnam, now. held C er 32 82 32 in.the Troy, Ohio, juil, has resigned | Magma Copper.. s’ president « First National |Mallinson &Co. 26 27% 26 sank, and as director of the Ameri-|ManatiSugar... Bl% bl1% 61% can Trust and Savings Bank of this | Manhattan Elev. 42% 42% 42% Man Elinv guar 84% B84% 384% shnell, charses that the two at-|ManhatShirt... 44% 45% d44% pted to Dblackmail him of $10,- | Market St prior. 60% 66% 66% )0." and that cne impersonated a|parland Oll. 40% 40% 38 doral officer and threatened to|martin-Parry... 30% 80% 29% rosecute him on trumped up charges | yat O (A). .. - 421 42% 42 under the Mann act. el (B> 13% 191 13% In accepting his' resignation, the |MaXwellt®) o« o o8 9 iircetors said that while they re-|May Dp St 16% . 16% 16 retted to do so, they felt that it |McIntyre Por. % 16% uld be advisable to comply with Mex Seaboard.. 14% 14% 133 nis wishes. J. B. Cartmel, who has|Mex Seabd ctfs. 13% 13% 13 heen chairman of the board of di- | Miami Copper. 25 25 25 sectors, was elected president of the|MiddleStOfl... T4 T4 7% First National Bank to succeed Mr.|Midvale Steel... 25% 26% 25% [BusBnell. Minn &StL(n). 4% 4% 3% MoK & Texpf.. 20 29% 29% Mo Pacific. 1 % 121 WOOL TRADING PICKS UP. |2 PASiat s 334 33k 32% BOSTON, July 21 (special).—Little [ Montana Power. 61% 61% 61% ictiyity prevailed in the wool market | Montg'y Ward.. 20% 20% 20% oidy. Several leading wool houses. | Moon Motors. 23 238 2% [ owever, reported considerable trad- [Mother Lode.... 9% 9% 9% 1% pver the week. Dealers were en- | o | uraged by the inquiry from manu- | Nat Biscuit 42 42 42 acturers, a large number of whom |NatlCloak &S.. 51% 51% 51 vere looking the market over. NatCloak & Spf 924 921 921 Nat Conduit. e Natl Enamel..., % 61% BIG DEMAND FOR WORKERS. |natiRyorM2d. 2% 2% 2% HARRISBURG, Pa., July 21 (Spe- | NevadaCopper. 124 12Kk 12% iaf).—Harvest hands are wanted by |N Y Central. 98% 100% 98% armers all over the state. who are|N ¥ Dock 18% 18% 18% villing to pay well above the all-year | NyNH&H. D13 13 12% vage. Machinists, plasterers “and|Ny & Westrn. 16% 17 165 hrickia are in demand, but girl |10 0o wec et 105% 105% 105 il rkers have been ' plentiful | NOT & W el 21% 2l 2% ince the schools closed. There is a [ North Amer. 66% 668 carcity of eflicient male stenog- | North Pacific. % 66% 66% aphers reported Ohio Fuel Sup.. 81% 31% 31% —_— Ontario Silver 3 -3 8 #4 mysterious “army” of white ants|Onyx Hosiery... 87 37 387 25 caused considerable damage in|Otis Elevator... 123% 128% 123 1o south of France, and colonies of | Otis Steel....... 8% 8% 8% ese fnsects have ncw been dis~ overed in Paris SR NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Close. 11 63% % 675 42% 14 83 35% 91% 108% 169 126% 5% 16% 39% 95 20% 11% 69 44% 81 5% 13% 584 85% 647 1225 145 102% 87 101% 42 84 110 100 88% 44% 124 43% 29% 174 13% 81 43% 26 81% 21 65% 4% 36% 33% 524 24 20 1% 108% 5 83% 13% 8% 37 23% 7% 24% 13% 37 64% 29 10% 68% 18% 35% 91 86% % 61% 64 16% 443 89% 77 82% 32 27% 61% 42% B4% 45% 66% 38% 29% 42% 13% 78 16% 13% 13% 25 7% 25% 3% 29% 12% 33% 61% 20% 23 9% 42 51 92% % 61% 2% 12% 100% 18% 13 17 1056 21% 66% 31% 3 39 123 Open. High. Low. Close. PacificOil...... 85 35 34% 34% | Packard Motor. 13 13% 13 13% Pan-Am Pete... 66% 66% 64% 66 Pan-AmP (B)..; 62% 63 61 68 Pennsylvania. 43% 43% 43% 43% PennSeabd Stl. 3% 3% 3% 3% !People's Gas.... 90 90% 90 90 Peoria & East.. 10 100 10 10 Pere Marquette. 43% 43% 434 43% Philadelphia Co 45 45 44% 46 Philip Morris... 13% 13% 18% 13% Phillips Pete... 24% 24% 224 22% PilerceOll...... 2% 3 2% 38 Pitts&WVa... 45 45 45 45 Postum Cereal.. b1% b51% b5l% bl% Produc & Ref... 36% 36% 85% 36% Pub Service.... 45% 46 45% 46 Pullman Co. 17 17 17 17 Punta Alegre... 51% 62 G6l% b51% Pure Oil. ... 19 19 18% 18% Railway Stl Sp.. 104% 104% 104% 104% Rapid TranSec. 12 124 11% 11% Ray Con Copper 11% 11% 11% 10k Reading........ T4k 76% 73% 76% Reading 1stpt.. ‘52 b2 /61% b61% Remington..... 30% 30% 30% 30% Replogle Steel.. 156 15 14% 14% RepIr & Steel.. 46 46 45% 45% Reynolds Spr... 20% 20% 20% 20% Rey Tobac (B).. 637 64 63% 64 Royal Dutch. 47 4T 4T 47 StJoseph Lead.. 18% 18% 18% 184 StL&San Fran 20% 20% 20% 20% StL&San Frpf. 41 41 41 41 StLSouthwn... 30% 80% 30% 80% StLSouthpf... G8% 58% 58% 58% Seaboard AlrL. 6% 5% bl 5% Sears Roebuck.. 73% 73% 73% 173% Shell Union.... 16% 16% 16% 16% Simms Petrol 8 8 T Th Sinclair Ol. . 24% 25 24% 26 Skelly Of .14 1T% 16% 16% South Pacific... 87% 87% 86% 874 Southern Rwy.. 34 84% 33% 84% Spicer Mfg Co.. 16% 16% 16% 164 StOilof Callf... 51% 51% 51 51 Stand Ollof NJ. 34% 34% 34 34 StOil of NJ pf.. 116% 116% 116% 116% Steel & Tube pf. 104% 105% 104% 105% Sterling Prod. .. 57% Stewart-Warne: 93% Strombg Carb.. 70% Studebaker. 1067 Submarine Bt. .. % Tenn Copper. .. 9% Texas Company, 43% Tex Gulf Sulph. 58 Texas & Pacific. 20 Tex & P C & OIl. 105 Tide Water Oil.. 10234 1024 102% 102% Timken Bearing 38% 38% 388% 384 Tobacco Prod... 50% 51% b50% bl1% Tobacco Prod A. 81% 82 81% 81% Tobacco Propf. 110 110 110 110 TransContOil.. 6% 7 6% 6% Underw'd(new). 38% 38% 38% 38% UnionBag & P.. 67 68 67 68 Union Pacific. .. 2 3 Union Pac pf. Un Tank Car. United Fruit. Utd Ry Inv pt U S Hoffman U S Indus Alco. U S Realty U S Smelt&Ref U S Steel U S Steel pt. Utah Copper. 61 61 60% 60% Utah Securitles. 16 16 16 16 Vanadium Corp. 30% 30% 30 303 Va-CarChem... ®% 8% 8y 84 234 23% 23% 28y 87 57 51 &7 19 19 19 19 v . 9 9 8% 8% Wabash pf YA). 28% 28% 28 2845 Waldorf (new). 17% 17% 17% 17% Wells-FrExp... 36% 36% 36% 36% Western Md 10% 10% 10% Western Md. 19% 187% 187 West Pacific. 18% 18% 184 West Pacpf.... 59% 59% 59% 59% Western Union. 106 106 106 106 Westhse EI&M. 56% b6% 66% b6% Wheeling&LE. 7 7 7 17 Wheel & LE Df.. 13% 131 133 13% White Eag Oil.. 26 26 26 26 White Motor. 50 White Oil.....0 1% Wilson Co...... 26 Willys-Overld. . T4 Willys-Overl pf. 64% Worthgton (B). 65 65 65 65 HOURLY sALEs br sTocks. 1lam.....161300 12m. - 297000 NEW YORK NOW SEEKING DEMOCRATIC CONVENTION Chicago, Kansas City, St. Louis and San Francisco Also to Enter Bids, Party Leader Says.s By the Associated Press. CHICAGO, July 21.—New York will make a strong bid for the democratic national convention, George E. Bren- nan, Iilinois democratic leader, an- nounced here upon his return from a conference at French Lick Springs with Charles F. Murphy, New York leader, and Thomas Taggart, head of the party in Indiana. “New York city hasn't had a na- tional convention for many years, and Mr. Murphy said they are going to fight hard to get the democratic meeting next year.” Mr. Brennan said, Of course, "he said, Chicago will make its strongest bid for the gath- ering, and Brennan said he expected Kansas City, St. Louls and San Fran- cisco to join in inviting the dele- gates. The meeting place usually is decided in January, Brennan said. Democratic leadérs are sald to be- lieve that thelr meeting next year will hold the major portion of the na- tional interest, the republican con- vention being a little_more than a ratification meeting. Chicago demo- crats say that even if the republicans meet here they will continue their demands for a Chicago democratic convention. NEW YORK DAIRY PRICES. NEW YORK, July 21.—Butter, firm, Receipts, 12,169. Creamery, higher than extras, 3914a40; creamery, ex- tras (92 score), 39; creamery, firsts (88 to 91 score), 37%a38l; state dairy finest, 38%. KEggs, irregula: receipts, 15,237 cases. Cheese, irregular receipts, 312,820 pounds. SLUMP IN EMPLOYMENT. DETROIT, July 21 (Special).—In- dustrial employment this week fell oft 243 workers here compared with an increase for the previous weekly period of 1,405. Portugal Honors Tar Heels for Victory in War By the Assoclated Pre: CAMP GLEN, N. C, July 21— The colors of the 120th Infantry, North Carolina National Guard formerly of the 30th Division, which led in smashing the famous Hin- denburg line, were decorated here Dby the Portuguese government. The ceremony, one of the most colorful in the history of North Carolina’s National Guard, brought to the training camp a distinguished group of tar heels and a number of the state’s military leaders. Col, W. S. Minor, in command of the regiment during the service on the western front, a former North Carolinian, came to the camp from Danville, Va., to be present, and formally received the decoration. Col. A."J. Bowley, commander of “Fort Bragg, representing the W Department and the Portugu government, bestowed the decor: tion. The decoration fs that of “th. tower and sword.” A neighborly spirit, as well as admiration for the “valor, lqvalty and merit” of the regiment brompted the Portu- guese government to give the dec- oration. During the fighting around Ypres in the summer of 1918 the 120th Regiment and- a regiment OwensBottle,,, 44 % 44 ‘:: from the 27th Division were quars tered near the Portuguese troops. | | S ———n et e e et e BUYIG CONTINES * INBOND NARKET Trading Dull Today, But Prices Hold Firm—Many Gains Made During Week. BY GEORGE T. HUGHES, Special Dispateh to The Star. NEW YORK, July 21.—Trading in bonds was dull durlng today's short session, but prices were firm. The only feature was the continued accumula- tion of the Erie junior liens, especially the general 4s, which sold within two and one-half points of the high of the year. St. Louis and San Francisco ad- Jjustments and Hudson and Manhattan incomes and bonds of that type were in especial demand. Today's market was a continuation of the same sort of steady- buying which has marked the trading the entire week. More Gains Than Loaxes. An inspection of the net changes since last Saturday shows that the advances outnumbered the declines in practically all classifications. Among the specu tive ralls the largest gain was made by the St. Louis and San Francisco income 6s, although there was heavier trading in the adjustments, Among the Erie issues the general 4s were the speculative favorites, but the convertible D fours made about the same gain. The most active bond was the Missourl, Kansas and Texas adjustments. with a fractional gain, and next to_ these were the New Haven franc 7s. up 2% points on the week, and the Denver and Rio Grande refunding 5s, practically unchanged. Among the' tractions all the Inter- borough issues have been very prom- inent and all have gained 3 points or more. Heav: trading in rapid transit securities 6s was also a fea- ture, but with a smaller gain. Of a higher grade, the Hudson and Man- hattan refunding as well as the adjustment income bonds, at last re- sponded to improved carnings. Forelgn Group Higher. Practically all the foreign group are higher on the week. The French bonds have been especially strong. High-grade domesttc bonds have not gained much ground, but are no low- er. A particular e is that of Reading general 4s, which have been actively Dought on realization that the offer to the bondholders in the latest segregation plan is a very fa- vorable one. There are still many skeptics as to the permanency of the improve- ment of the market. It Is pointed out that new offerings are now minimum. The last week’s financing wasd only one-half the total for a week ago. the amount being $10,673.- 000. This does not include the $4,020,000 Hocking Valley equipment trust certificates offered today. Nor is there now in sight any new busi- ness of large proportions Market Let-Up in Offeringx. This let-up in offerings has natur- ally helped the market for seasoned outstanding issues. On the other side it is argued that many second-grade and semi-speculative bonds have be ling to vield very high quality considered, and that only t spectacle of persistently deelining quotations has deterred Luyers. Now that this condition has been changed. Investors have regained courage Probably next week's showing will throw more light on the real situa- on. In one department no improvement has yet been shown. That is in mu- niclpal bonds. The difficulty here seems to be that investors' ideas of prices and return are far away from what the borrowing municipalitios are willing to glve, a Market Flashes at Today’s Close It is reported that a re-appraisal of Continental Can’s financial posi- tion is being made and that as a re- sult a good-will ftem of approx- imately $8,000,000 will be charged off. The company is earning about $10 a share as against the $4 annual divi- dend requirements. Moreover, it is expected that a favorable announce- ment regarding Continental Can's production will be made soon. 1 ecti h th n_ connection wit| the statement by the Marland Oil president, regard- ing the sale of new stock to holders of stock rights, and also of the b warrants, it was said that th pany now has in its treasury 000 cash. The subscription fo stock at $40 a share was said to have been successful, about 140.000 shares having been taken. A Sub- tantial amount of cash was obtained nd more will be paid in the fall, in accordance to a special deferred pay- ment plan. new FORD DONATES TO Z00. Is Generous Contributor to Fund to Preserve Wild Life. NEW YORK, July 2L—Henry Ford has been a generous contributor to the permanent endowment fund raised by William T. Hornaday, director of the New York Zoological Park for the pres- ervation of the wild life of the world, according to the twenty-seventh annual Tepart of the soclety, made public to- . By means of this fund, the. report states, Mr. Hornaday has published three ‘volumes and two books of gen- eral appeal on the subject of wild life conservation. —_— SHORT-TERM SECURITIES, (Quotations furnished by Redmond & Co.) —Close.— Bid, ¢ 108 105 Offer. Aluminum Co. of Amer. s 1925. Aluminum Co. of Amer. 7s 1933. American Cotton OIl 6s 1924. American Sugar 6s 193 Amer. Tel, & Tel. 6s 1924 American Tel. & Tel. 6s 1925 Anaconda Copper 8s 1929 Anglo-Amer. Oil T3s 1025 Bell Tel. of Canada 7s 19251 Canadian Nor. 5lis, 1924, Cent. Argentine Rwy. 8s gral Leather o5 Chicago Tel. Ox 1923 Du_ Pont 7%s 1031 Federal Sugar Ref. 6s 1933 Goodyear T. & R. Bs 1931 Great Northern 7s 1036, Hocking Valley Gs 1024 Humble Ol 5%s 103: Kansas City Term. 6s 1923 e Sheeil & Livoy s Libby, McNe M., St. P &S S. M 6 Co. Fon. Depot 035 1823 . Pt n. Depot 5%s Stare, Roebuck & Co. s 1923 Swift & Co. Gs 1832, Tidewater Oil 6%s 1931 Union Tank Car 7s 1830. U. S. Rubber 73s 1930. Western Union 6%s 1936. Westinghouse E. & M. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ber ‘15, 1023.. 903532 100955 et , 1023." 100 s September 15, 1! 100 3-32 40 Bevember 15, 1925.... 90 1516 100 182 $%4s Mareh 1924 1001-16° 100 5.32 535 June 13,91024. 101732 101 1132 Bits September 15, 1024... 101 118 101 318 44s Mareh 15, 1625.....7 100116 100 752 June 15, 1925. % : :Du-!mher 15, 1925, 09 9-16 993, 445 March 15, 1928, 100 1004 4148 September 15. 1026... 90 mxg 4Als March 15, 1927, 100516 1007-16 4145 December 15, 1027...0 9% 100 BAR SILVER QUOTATIONS. LONDON, _July 21fi—Bn.r lgz!ver, 5-186d_per ounce. Money, per Sent. ‘Distount rates, short billy, sa. u‘ per cent. Three months' bills, 3'3-16a3% per cent. F g S 5 e o e A S R R S G o G B s S T 6 TON NEW YORK BONDS STOCK EXCHANGE | 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.) I . High. Low. Close. Lib 3% 100-10 100-08 100-10 Lib 1st 4%s. 98-13 98-11 98-11 Lib 2d 4%s. 98-14 98-12 98-12 Lib 3d.4%s. 95-29 98-28 98-29 Lib 4th 4% 98-16 98-12 98-12 US4%s1952. 13 99-26 99-24 99-26 FOREIGN. Sales. High. Low. Close. Argentine 7s...... 10 102% 102% 102% Austria 7sctfs.... 18 91 90% 90% Belgium 6s. . 4 96 96 96 Belgium 8s. . 1 101% 101% 101% Bern 88 10 110 110 110 Bolivia 8 6 88 . 874 8% Bordeaux 6s. 8 80% 79% B8O Brazil 7s. 4 82 B2% 82% Canada s 1100 100 100 Canada bs 1952 12 99% 99% 99% Chile 85 1946. 1103 103 103 Chile 85 1926 2 102% 102% 102% Chile $s1941...... 1 102% 102% 102% Chinese Gov Ry 5s. 5 44 43% 44 Copenhagen5i,s.. 4 90 90 90 Czechoslovakia 8s. 17 93% 93 93% Denmark 8s 5 108% 108% 108% Denmark 6s. 112 95% 95% 95% Dutch E15 1 91% 91% 91% Dutch East16s'47. 9 96% 96% 96% Dutch East 16s'62. 3 96% 96% 96% French Govt§s.... 24 97% 97% 97% French Govt 7%is.. 96 95 94% 94% HaltiGsctfs...... 4 93 92% 93 Japanese 1st 474s.. 5 93% 93% 93% Japanese2d 4%s.. 15 9215 92% 92% JergenUM6s'47.. 6 78 17% 78 Lyons 6s - b 9% T9% 9% Mexico 4 ~.... 9 34 334 33% Netherlands 6s.... 33 102 101% 101% Norway8s........ 2 110 110 110 Norway 6s........ 6 97% 974 97% Orient Devdeb6s.. 1 92 91% 92 Paris-Ly's-Med 6s. 11 73 73 72% Prague 73s. .... .20 7% 17% 1T% Queensland 6s. ... 4 101% 101 101 RiodeJan 851946. 9 924 92 92 Seine, Deptof, 7s.. 19 86% 364 B86% Serbs Crotes Slo 85 7 68% 68% 68% Sweden 6s. .. 8 104% 104% 104% Ud Kingm 5%s°29. 20 113 112% 112% Ud Kingm 5%s°'37. 5 102 102 102 Ud Steam Copen 63 3 88 87% 88 MISCELLANEOUS. ¢ Am AgrChem 74%s 4 98 97% 97% AmCotton Oil5s.. 7T 60% 60% 60% Am SmIt&R IstGs. 8 90% 90% 90% Am SmIt&R 6 2 101% 101% 101% Am Sugar Re 4 102 102 102 AmT&Tcltrbs.. 2 97% 9T% 974 Anaconda ev db 7s. 34 100% 100% 100% Anaconda 1st 6s... 38 97} 97% 974 Armour & Co 4138 12 84% B84 By AtlanticRefin5s.. 1 99 99 99 Bell Tel Pabsrcts. 12 798 97% 97% Beth Steel 535 391 90% 90% E 1 881, 8815 881 e s 6 981 98% 98% Brier HSt 1st5%s. 9 94 94 94 Central Leather 53 2 98% 98% 98% Cerro de Pasco $s.. 15 127 125% 126 Chile Copper 6s.... 19 100 99% 99% 2 9T 9T% 9TH 1 874 874 874% 4 107% 107% 107% 2 103% 5 105% DuPontde N 7%s. 7 108% Duquesne Light 6s. 1 103% E Cuba Sug 7%s... 2 100 Empire F&G T%s.. 5 914 91% 91% Fisk Rubber 8s 1106 106 106 Gen Elec deb 5s... 8 100'4 100% 100% Goodrich 61%s..."", 11 100 99% 100 Goodye: . 11021 102% 102 Goodyear 831941.. 3 116 115 116 Humble O&R 515, 15 97% 97% 974 Indiana Steel 5s... 6 100% 100% 100% Int Mer Marine6s. 8 80 79 79y KCP&Lt5sA'52 2 91 91 91 Lackawa S5s'50.. 6 89 88% 80 Magma Copev7s.. 1112 112 112 Midvale Steel 5s. 6 86% 86 86 Nat Tube Ist55.... 1 98% 98% 98% New Eng Tel5s... 29 97% 97 97% NY Edsn 1st 6138, 11 109% N Y Tel 6541 18 1051 N Y Tel 6s'49 5 106% N Y Tel 414s . 2 94 N Am Edison 6s... 7 923 Northwst B Tel 7s. 1 107% Otis Steel 7%s..... 2 91% PacificGas& E15s. 7 90% 90% 90% PacT&T53'52... 2 91 91 91 Pierce-Arrow§s... 1 70 70 70 Punta Alegre 7s... 12 109 109 109 Shar.a St HSs.... 1 99% 99% 99 Sinclair Oil 7s. 19 97% 97 97k nelair Oil 6% 12 94 94 94 SinCrude Oil 5%ts. 8 97% 97% 97% 1 Pipe? ine 5 4 85% EBY 85% South Bell Tel55.. 6 954 944 S5% Toledo Edn 1st 7s.. 11 107 107 UnitDrugcvss... 1 111% 111% USRublstrf5s... 14 86% 86% U SSteels f5s..... 12 1024 101% Utah Pow & Lt5s.. 2 83 88 YV .-CarChem 7s... 15 81% 81 Ya-CarC THsw.. 2 66% 66 West Unlon 6%s... 2 109% 109% Wickwire Spen7s. 1 93 93 Yilson& Colst6s. 2 96 96 Wilson& Cocvés. 5 86 86 Winchester A 735s. 3 104% 104 Killed Boy for Insurance Money, Michigan Jurors . Decide. B, the Associated Press. MASON, Mich., July 21.—Mrs, Emma Kopple, fifty-nine-vear-old Lansing Wwoman, was found guilty in the cir- cuit court here of murdering her fos- ter son, Harry Brill. The boy died of poisoning May 13. It was charged that Mrs. Kopple conspired with James Shannon, a roomer, to kill the boy in order to collect $1,300 insur- ance money. The jury, which deliberated fifty minutes, was composed of ten men and two women. Judge Leland W. Carr said that, as only circumstantial evidence w. involved, there could be but one of two verdicts returned—guilty or not guilty. Immediately upon receiving the verdict Judge Carr sentenced Mrs. Kopple to life imprisonment at hard labor. Even after sentence had been pronounced she continued to declare her innocence. Author Is Buried Just as His Play Is Great Success Special Dispatch to The Star. SACRAMENTO, Calif., July 21— All that was earthly of George Baldwin, actor, playwright and music composer, has been lowered into its last resting place, a little cemetery plot here. Only his grieving parents and a few friends of his boyhood days looked on. At almost the same time, in far off London, British theater-goers were applauding the greatest hit of the present London season, a rollicking comedy drama,."“You'd Be Surprised,” Baldwin's last and greatest nandiwork. The clergy- *man, suggested . that a fitting epitaph on the little head stone might be “A Victim of Success That Came Too Late.” Baldwin was found dead on April 30 last, in a hotel room in Manila. Beside him lay the body of Mrs. Ann Schlesinger, a_beauti- ful woman, the mystery of whose real identity never has been solved. On a nearby table were two half drained liquor -glasses, each con- taining the most deadly of known poisons—cyanide. Baldwin’s life- time, spent as a writer of sprightly things, il accorded with the tragic end in’ distant Manila. But the tragedy of his last effort lies in the fact that it was first pro- duced in_this country and was a failure. It was sold for a song to several British producers, and when . on the London stage was an {mmediate success, : H RAILROADS. Bales. High. Low. Close. Ann Arbor 4s. 6 B57% 57% 574 12 89 88% 88% 1 80% 80% 80% 20 96 95% 96 7 8% 8% 78% 5 101% 101% 101% B 73 81 80% 80% B& 3 83% 83% 83% B&O 2 4% 4% 744 B&OSWdiv3ks. 9 94% 94% 94% B & O Toledo 4s 2 65 65 65 BkIRT7s'21ctst. 15 84% 84% 84% Canad North 6%s.. 16 112% 112% 112% Cinad Pacdebds.. 11 79% 79% 79% CarClinch&O5s.. 1 93% 93% 93% CarClinch& O6s.. 7 97 96% 97 Ches & Ohlocvbs.. 4 89 89 89 Ches & Ocvites... 13 87% 8T% 87% Chi& Alton3s.... 1 b2% b2% b62% ChiB&Q1strfbs.. 1 99 99 99 Chi&ETIllgnbs... 8 78% 78% 78% ChiGreat West4s. 2 49 49 49 ChiM&SPrfdl%s. 9 58 574 58 ChIM&StP4s'25.. 7 79% 178% 79% ChiM&SPevdis. 1 63% 63% 63% C M&StP4s’34.. 5 73% 2% 2% Chl1 &N W 63%s. 2108 103 108 Chi Rys bs. . 2 79% 9% 9% ChiR1&Pacrf4s. 8 76% 76% 76% Chi& Windcnds. 85 71% 71 7l% CCC&StLrf6sA.. 3 101% 101% 101% C5aRR6s....... 2 8 86 86 Del& Hdl1strf4s. 5 85% 85% 85% Del & Hudson 5%s. 1 100 100 100 Den & Rio Gends. 21 74% 74% 74% D&RG1strfbs.. 6 46% 464 46% Erielstconds.... 28 58 b57% 58 Erle con ext 7s. 1 103% 103% 103% FErie gen 4s. 90 47% 46% 47% Erle conv 4s D 52% 52% 52% Gr Trunk sfdb 6s.. 1 103% 103% 103% Gr North gen s 108% 108 108% Gr North gen 5%s. Havana ERL&P 5s Hud & Man ref 5s. . Hud & Man aj 5s. Roawme ®© 2 IllCentral ref 4s.. 10 85% 85% B85% TNlCentrefbs’55.. 5 99% 99% 99% I Central 5%s.... 6 101% 101% 101% IntRap Tran§s... 32 64% 64% 64% IntRap Tran7s... 14 90 89% 89% IntRap Trosstpd. 11 64 63% 63% Int&GNoraj6s... 10 37 37 37 Int& G Norlst6s. 1 89% 89% 89% TowaCentrfds.... 2 29% 29 294 Kan City FtS4s... 3 6% 0% 76% KansasCity S3s... 5 66% 66% 66% KansasCity Sbs... 7 85% 85 854 LakeShore 4s'31.. 5 92 92 92 Lehizh Valley 6s.. 1102 102 102 Louis& Nunids... 1 90% 90% 90% Louis & Nash 5%s. 41 105 105 105 ManhatRycnés... 2 60% 60% 604 Market St cn bs. 1 931 931 MIIEIRy & L5s... 1 £3% 83% MK&TI1stds.... 4% 75% MK&TprinbsA.30 7% 77 77 MK&T4sE 3 64 64 (64 MK&Té6sC 15 95 95 95 MK & T adj 53 62 51% 514 514 Mo Pacifle fs. . 1 93% 93% 934 Mo Pacificgn 4s... 4 b4 bi% 544 NewOrTermis... 3 75 744 75 NYCentgen3dis. 2 73% 73% 73% N Y Cent deb 6 55 104% 104% 104% N Y Cent deb 4s. 6 89 89 89 NYCentribs 4 95% 95% 95% NYCenLScl3%s. 10 1% 71% 71% ew Havencd6s.. 1 65 56 55 ew Haven7sfr... 90 b7% b7% 57% Y W & Bos 4 32 35% 34% 35% orfolk & Wen4s. 5 89% B89% 89% Northern Pac 3s 1 60% 60% 60% Northern Pac 4s 4 84 84 81 Northern PacbsD.. 10 94% 94% 94% Ore & Calif 1st5s.. 1 99% 99k 99% O Short Len 5s'46. 1 102% 1021 1023 OreShortLrefds. 2 91% 91% 91% Ore-Wash 1strf4s 2 80% 80% 80% Pennsyl gen bs 2101 100% 101 Pennsyl gen 414 3 90% 90% 901 Pere Marqlst5s... 4 9415 94% 94% Rapid Tran 6s wi.. 45 68% 68% 684 Readinggen4s.... 10 88 88 88 StLIM& S4s'29.. 5 85% 86% 5% StL&SFDpl4sA.. 11 6745 67% 67% StL&SFprinbs. 1 82 82 82 St L& S F inc 6s. 66% 66% t L& S Fadj 6s. %5 15 San A & Arn P 4 THE iy Seab'd A Ladj 5s. 281 29 Sou Pacific cv 4s. 92% 92% Sou Pacific ref 4s 86% 86% Sou Pacificclt4s... & 80% 81 Southern Ry 1st53. 3 95% 9b% 95% Southern Ry gn 4s. 2 67% 67% 67% Southern Ry 614s.. 9 101% 101% 101% Third Avead)5s... 2 47% 47% 474 Union Paclstds... 8 92 92 92 Union Paccvids... 1 95% 954 95% Virginia Ry Ist5s. 1 9415 9415 941 VaRy&Plstss... 1 84 84 84 Wabash 1st 55 1 95% 954 95% Western Pacificss. 1 80 80 80 TOTAL SALES (Par Value): 11am.. 1777000 12 noon 2924000 e FOREIGN EXCHANGE. July 21, 1923—10:30 A.M. (Quotation¥ furuished by W. B. Hibbs & Co.) Nominal ~ Sell, checks, gold value. ‘today. 4.8665 4.0 London, pound . Moxtreal, dollar . frane . E3A Parls, Athens, drachma . drid, pese Vienna, crown Budapest, crown . Christiania,’ crown . Stockholm, crown . By the Assoclated Press. NEW YORK, July 21.—Foreign ex- changes steady. Quotations (U. S. dollars): Great Britain — Demand, 4.598; cables, 4.59 13-16; sixty-day bills on banks, 4.57 1-16. France— Demand, .0594; cables, .05941. Ttaly— Demand, .0436%; cables, .0437. Bel- glum—Demand, .0500; cabies, .0500%. Germany—Demand, .000003; cables, .00000302. Holland—Demand, 39293 ; cables, .3930. Norway—Demand, .1624. Sweden—Demand, .2653. Demand, _.1749. mand, .1772. Spain—Demand, Greece—Demand, .0250. mand, _.000006%. Czechoslovakia— Demand, .0299. Austria— Demand, [000014%. Rumania—Demand, .0052%. Argentin -Demand, .3400. Brazil— Demand, .7760. - Montreal—.97%. —_— DIVIDENDS. Pe. Pay- riod. Rate. abie. $250 Auvg. 1 $6.00 Aug. 1 % Aug. 1 % Aug. 15 Denmark— Switzerland — De- .1432. Poland—De- Company.. Edison Electric Il (Brockton) ... Q Farm. Loan & Tr. Q Lancaster Millspt @ 1 Madison Safe Dep. Madison Safe Dep. ex. 1% Aug. 15 0il Lease Dev. 10¢ Aug. 15 Pacific Bank. $2.00 Aug. 1 Pacific Bank ex. $2.00 Aug. 1 Stewart- Speed . Q $250 Aug. 15 July 81 Tampa E Q 3250 Aug. July 25 OHIO GOVERNOR FIRM IN GAMBLING CRUSADE First Aroused When Own Son Lost Money in Base Ball Pool. By the Associat>d Press, COLUMBUS, Ohio, July 21.—Several weeks ago Gov. A. V. Donahey discov- ered that one of his small sons had lost his weekly allowance of money in a base ball pool conducted in a ci- gar store. Immediate announcement was made by the chief executive that this and other petty forms of gambling would have to stop in Ohlo. Since that time more than a dozen mayors and sher- iffs have been ordered to stop gam- bling in their bailiwicks or “get off the job.” The mayor of Massillon was removed, following charges. In a letter to Paul M. Lamb, law di- rector of Cleveland, the governor yes- terday announced receipt of manf complaints that slot machines, vend- ing gum and, in some instances, ne- gotiable metal chips, are being op- erated_in_Cleveland. The-governor asked Mr. Lamb for a copy of an opin- ion sald to hold such machines legal, which the law director is alleged to have given Mayor Kohler recently. The governor told newspaper men he would take no action in the Cleveland case until a reply. had been xecelv from Mr. Lamb, o % = Department of Agriculture).—Cattle— calves, 75 to 1.00 lower; stockers and 25al1.00; basket, 5 quart, " 124 quart, pint, 10a12. Watermelons, 5, 98, ; 1o 0 R 80a9%0 per bushel .Zl‘wostern export, ; No. 2 rye, 5. Grain, Produce and; Live Stock Early closing brought buyers to market early this morning. Buying was not exceptionally heavy, how- over,' dealers mot wanting to carry over much stock for Monday morning trade. This morning’s prices showed no change. Good cuts of meats were in demand at prices considered any- thing but cheap, while poor meat found but few buyers. Fruits and vegetables were in d. mand, consumers apparently redu ing their meat diet. Watermelons and cantaloupes found ready purchasers, plentiful supplies of both fruits being on hand. Extra large receipts of can- taloupes sent the prices down. LOCAL WHOLESALE MARKET. Eggs—Strictly fresh, selected, can- dled, per dozen, 27a28; average re- celpts, 25; southern, 24 Live poultry—Roosters, per b, 1 turkeys, per b, 25; spring chicken per 1b., 33a38; keats, young, each, 40; fowls, per ib., 26. Dressed poultry — Fresh - killed spring chickens, per Ib., 4a50; win- ter chickens, per Ib., 35; hens, per 1b, 30; roosters, per Ib., 20; tur- keys, per Ib, 35a40; keats, Youns, each, 70a80. Live stock—Calves, choice, per Ib, 9; medium, per Ib., Sa8l; thin, p 1b., 6a7. Lambs, spring, per 1b, 1 lve pigs, 3.00a5.00 each; live hogs, per 1b., 8%, Green fruits—Apples, new, per bas- ket, 1.00a2.50. California oranges, per 5.5086.00; Flori 3.0046. , per box, 6.0036.50. Grap fruit, 4.00a450. Blackberries, per at., Tal2. Peaches, 1.00a3.00. Cantaloupe standard, 2.0024.50; pony, flats, 1.25a1.50. Black raspberries, 20; red raspberries, 25ad0. TEL & EL SURPLLS SHONS GOOD G Reserve Bank Reports Money Firm—Fewer Fail- ures During Past Week. The estimated surplus of the Amer- fcan Telephone and Telegraph Come pany for the first half of the calendes yedr ended June 30 amounted to $40,e 579,417, after charges and taxes, or the equivalent of $5.72 a share earncd on $708,275,300 average amount of capital stock outstanding in that pe- riod. This compares with $32,364,138, or $5.75 a share on $562.259,400 stock in the first six months of 1 Thus the company has actualiy earned but 3 cents a share less the first half of this year on outstanding capltal, which is $146,015,900 larger than it was in the same period a year ago. In other words, this period’s earnings taken in relation to capital outstanding the first ulf of 1923 would be $7.21 a share. Furthermore, this does not take into consideration undivided equities in associated com- panies’ profits. It can be definitely stated that will be no new American Tele- nd Telegraph Company = fi- . Recently H. B. Thay- " er, pr °nt, pointed out that on Nocgetables—New potatoes, per bbl, | ju1y" 1 the Bell system, atier hav- Yok couli0. | Menars ottas mortgage bonds of the Illinois Tele- crate, 1.00a2.00. Cabbage, nearby, 2550 per bbl. Eggplant, per crate, 2.00a 4.00. Tomatoes, % bushel basket, ne phone C cember, . whic had on’ hand cash sh investments mature in De- and tem- of over by, 50aL00. Heans, 3.00a4.00 pér bbl. id Tades Atonest eas, 2.00a3.00 per basket. Peppers, of the lilinols Bell per crate, North Carolina, R onbe Kale, per bbl, 76a150. Spin had $148,000,000 bbl, '2.50a4.00. " Celery, per crate, sh and temporary cash investments York, 6.00a6.50. Squash, 40a30. North Both tht curent consany Carolina lima beans, 2.5025.00 per bas- el s are constantly Ket. buying gov bonds and are GRAIN AND PROVISIONS, BALTIMORE, Md., July 21 (Special —Potatoes, W, barrel, 1.50a5.0 bushel, 75a1.75; sweet potatoes, b rel, 6.00a12.00." Beans, bushe 1.40; lima beans, busl 3.004 Beets, 100, 4.00a6.00. Cabbage, 6.00a12.00. ~ Carrots, 100, 4.0 Celery, dozen, 50al.00. Corn, d 10a35. Cucumbers, basket, 50a60. Esgplants, basket, 1.50al.75. Lett bushel, 50a1.00. Onfons, 150. Peas, bushel, basket, 75al.00. 25. Tomatoes, basket 1.00a1.25; green, 50a75. Apples, 12a20. bushel, 0. Peppers, quash, basket, 2 barrel, 1.00a3.00; bushel, 15a Blackberries, Cantaloupes, baske 1.25a1.75. Cherries, pound, 10a15. rants, quart, 15a1S. Huckleberri 14al8. Peaches, basket, 50a7 basket, 40a80. Raspberries, ch, 20a60. Plums, Selling Prices on Wheat: 2, red 1.10%; spot, 1.03% winter, Ted winter, garlick. No. gar: lickly, spot, 1.01 garlicky, spot, 99 Sules—Bag lots of nearby sold at a range of $5 to cargoes on grade, garli; No. 5, . Corn—Cob, new, 4 contract, spot, 923 per bushel corn, 93%; track corn, vellow or_better, 1.05a1.06 bushel. Sales—None. 00 " per bushe! 0. 2, red winte Oats—White, No. 2, 52a white, 5032a51 per bushel. ye—Nearby pot, Hay— Recelpts, §6 tons; market for old hay is firmer at a range of 20.00 to 25.00 per tan. New nearby hay ar- riving mostly in heated condition is selling_strictly on merit at slightly lower prices than for old hay. Straw—No. 1 tangled rve. 1 16.00; vheat, 12.50a13, oat, normal, 14.00a15.00. DAIRY PRODUCTS. BALTIMORE. Md. cial).—Live poultry pound, 30a38; hens, 22a2; 15a16; ducks, 14a: a27; pigeons, palr, Eggs (loss off), native and nearby firsts, dozen, 24; southern, 23. Butter — Creamery, pound, 37as1; prints 36a39; ladles, store packed, prints, 30a3 TODAY'S CHICAGO PRICES. CHICAGO, July 21.—Wheat values were unsettled during the early deal- ings today. The plan of the Ameri- can farm bureau for holding b wheat_on farms induced some bu: ing of wheat at the start. ¢ houses sold, hedging against pur- chases to arrive, but at 93 for the September delivery there was a good class of buying which absorbed the offerings and a reily followed. Winnipeg showed _independent strength, despite favorable crop re- ports, which had some effect here after the opening. Reports from parts of Minnesota telling of dam- age from black rust and extreme heat also had some effect on values here. The opening which varied from 3% decline to a like advance, with Sep- tember, 98% to 98% and December, 1.01% to 1.01% was followed by up- turns all around, and then a general setback. Corn 'and oats were largely in- fluenced by the actfon of wheat. After opening 3% lower to % higher, Sep- tember, 76 to 76%, the corn market rallied a trifle and then underwent a general sag. Oats started unchanged to 1% off. September, 35, and held close to the initial figure. Higher quotations in hog values gave a lift to provisions. CHICAGO LIVE STOCK MARKET. CHICAGO, July 21 (United States Receipts, 1,000 head; compared with week ago, strictly choice beef steers practically steady; extreme top, 11.50 other grades unevenly, 25 to T7ic Yearlings mostly 50 to 1.25 } top long yearlings, 11.25; she stock ‘unevenly, 25 to 1.50 lower; spot, more; canners, showing the least de- cline; graséy cows and heifers the veal 25¢ feeders, prices follow: Beef steer. stockers and feeders, lower; week's 9. bulk cows and heife; and cutters, 10.00210.75. Sheep—Recelpts,- 1,000 head; today mostly direct for week almost 25 per cent direct; westerns, considerably smaller; compared week ago, desira- ble fat lambs 1.25a1.75 lower; culls and_sheep, generally steady; feeding lambs, 26c lower; closing western lambs, top, 13.50; native top, 13.25: sorting, heavy; better grade kind culls, §.0028.50; bulk fat ewes, 5.00a 6.25; lightweight quotable upward to 7.00; heavies, 3.50a4.25. FOUR DROWN AT PICNJC WHEN BATHER CALLS AID Man and Wife Among Those Rush- ing to Rescue of Girl Who Got Beyond Depth. CLEARFIELD, Pa., July 21— Charles Dean, Jess Hepburn and his wife, all of Mahaffey, Pa, and Miss Catherine McCauslin of Pittsburgh, were drowned at Bower while bathing. They were members of a picnic ty. Piili6s McCauslin _got bevond her depth and her screams brought the others to her rescue. All got beyond their depth and efforts of the other members of the paxty,3q-Kescua-them were ‘unavailingy . canners veal calves, probably am ers of these i Money Market Holds Firm. - largest purchas- The federal reserve bank state- ments indicate there is no disturb- anc ad for the money market but rather that there will be a con- tinued supply of funds There has been a further liquida- tion shown of $40.500,000 in discount sd bills by the various members the combined now has a ratio o per nt, against 75.4 a week ago and § for the same period of The ratio of reserves at is now up to 83.3 per cent; o Atlanta, 76, St. Louis, 64.8 Kansas Ci and D Boston, Philadelphia, Richmond, the latter Fewer Failures During Week. Only a slight change occurred in the number of failures in the United tates this week, the total of 287 comparing with one of 291 last week, while the corresponding week last year showed a total of 434 defaults. Of this week's failures, 153 had la- 5.000 or more in each case, ent of the total. Last bilit or 53 s of pe week the ratio was 50.5 per cent, and for the corresponding period of last year 55.4 per cent. Canadian failures this week are 53, com d with 76 last week and 67 a year ago. Of this week's faflures, 23 iubllitics of $5.000 or more in . against 32 last week, and the corresponding week of Bank Clearings Lower. Bank clearings this week are some- what reduce ing to a lo. stock market operations are smaller, but at the other leading citles there is a gain, the fizures for this week being $6.598,460,000, a decrease of 5 per cent compared with a year ago. There is a gain of 15.8 per cent, however, in comparison with the total for the same week of 1921. LITTLE CHANGE NOTED - IN AUTO SCHEDULES NEW YORK, July 21.—Automotive Industries sa The automobile industry is work- ing on_reduced schedules that show little change since their adoption the first of the month. Parts makers in some manufacturing centers report new business recelved covering the needs of m ar producers to De- cember 1, with orders from smaller manufacturers limited to current re- quirements, Production on the whola will be kept at a comfortable pace without the straining of plant fa- cilities While car buying appears to be reaching a more normal level throughout the country, many dis- tricts continue to report heavy busi- ness. In no section has there been a falling off in sales that would lead to the Impression of a definite de- cline in buying interests. BALDWIN CABLES CHEER TO COTTON EXCHANGE British Premier's Greetings Read at Dedication of New Build- ing in New York. By the Associated Press. NEW YORK, July 2l.—Premier Stanley Baldwin of Great Britain to- day cabled his greetings and wishes for success to members of the New York Cotton Exchange at the dedica- tion of their new twenty-four-story trading pit and office building. The message was read by Col. John J Shute, former president of the Liv- erpool Cotton Exchange. “No countries are more interested in cotton than the United States and ongland,” said the premier. “It con- stitutes one of many bonds’ which perpetuate friendship between the two countri FINANCIAL NOTES. American Locomotive is expected to show net of about $12 a share on 500.000 shares new no par common stock for six months to June 30 last. Stewart-Warner declared regular quarterly dividend of $2.50 a share. In previous quarter regular quarterly dividend of $2 and an extra 50 cents ‘was declared. The Southern railway has contracted for 74,000 tons of 100 L. B. steel rails, sufficient for about 400 miles of line. viously. The Interstate Commerce Commis-, sion denied petition of American Rafl- waoy Express Company for a reargu- ment and modification of commission’s order, which recognized and defined a shipper's right to designate routing express traffic over established routes. ‘WEEKLY BANK REPORT. NEW YORK, July 21.—The actual condition of clearing house banks and trust companies for the week an_excess in reserve of $22,- This is a decrease of $4.533.- COTTONSEED OIL STEADY. NEW YORK. July 21.—Cottonsced oil closed steady; prime summer yel- low, 10.00a10.50; prime crude norinal; July, 10.00; Adgust, 10.10; September, 3.78; October, 8.85; November, 8.35: Decembor, 3,30; Januaryy.s.30; Feb« ruary,-8.32s Salesy, 400 This includes 30,000 tons ordered pre- * \