Evening Star Newspaper, July 23, 1923, Page 26

Grain, Produce and] Live Stock LOCAL WHOLESALE MARKET. ON NEW YORK BONDS STOCK EXCHANGE | Received by Private {Vlre Direct to The Star Office. (Sales are in $1,000.) i RAILROADS. UNITED STATES BONDS. Sales. High. (Fractions represent thirty-seconds. 57 Example: 101-1 means 1011-32) 8% High. Low. OClose. 80% Lib3%s & 100-11 100-08 100-10 86% Lib 1st 4%s. 98-13 98-11 98-13|B b+ Lib 2d 4s. 98-08 98-08 98-08 8% Lib 2d 4%s .g}& 98-13 98-11 98-12 Lib3d 4%s. .. 223 98-20 98-27 98-27 Lib4th4%s.. 654 98-14 98-11 98-12 84% US4%s1952. 255 99-27 99-28 99-27 ;::5 * 87w Ot fiten 5 ales. 5 7 102% s 113 91% 112% .12 101% 112% 9% 97 5 96 11 102 - 867 89% BOND QUDTATIONS NOVE VERY LITE Trading Firm as Week Opens. * Liberties Bit Heavy. Some Weak Spots. 2% ‘NEW YQRK STOCK EXCHANGE BKS flU WEI'I. Received by Private Wire Direct to The Star Office n. . Low. Close. | IN FINAI— ]’RADINGIU“ Rubber 0»:1'. m!l\;fi %'u sg%i:}z;::::g.p lied Chem....' 68% 68% 68 B ::ll‘;‘:}h:‘mer! 42% 42% 42% 42:& | Montg'y Ward. . Allis Chalmpf.. 91 91 90% 90% ¢ Am AgrChem.. 14% 14% 14% 14% AmAgChmpf.. 35 86% B85% 36 Am Beet Sugar. 321: 32% 82% 324 Am Bosch...... 84% 35% 33% Am Brake Shoe. 73 3 73 Am Can.. 92 92% 9% Am Can pf . 109 109 109 Am Car & Fdy-. 160 160 159% Am Cotton Oil.. 4% 6 AmCotOll pf... 16% 17 ! Am H & Leath 8 8 a9t 39% Special Dispateh to The Stag ! NEW YORK, July 23—The market| 4T & Leapt.. a5 390 started in today with further selling | Am Locomotive of the oil shares, following the an- | Am Metals. . nouncement that gasoline prices hdd | Am Radlator. been cut a cent a gallon. This re- | Am Safe Raz vived discussion of the unfavorable | AT ShiD & Com. status of the oli industry and led to | Am Steel Fdy. predictions of another reduction injAm Sugar.. crude oil. Phillips Petroleum made | Am Sugar pf & mew low of 22, Mailand sold off | A Sumatra. 1'2 points, Cosden and Producers and | am Te] & Teleg. 122% Refiners lost nearly a point. Am Tobacco. ... 147 Wile selling of the oils was in prog- | Am Tobac (B).. 144% ress the rest of the market was some- | Am Water Wks, 87 what unsettied. It showed, however, | Am W W 6% pf. 60% the same re; nce, the same im-|Am Woolen..... &% provement in buying power as it had | Am Woolen pf.. 1017 under similar circumstances on Satur- | Am Writ Pr pf day. After the first half hour prices | Anaconda. hardened and the leading speculative | Arnold Cons N favorites soon regained what they had | Assets ReaMzn. . lost. Special strength appearéd in | Asso D Goods American Locomotive, which, above | gtchison s as selling close to the highest | Avcnizon pf. since the capital was doubled. It s | aevo "py e ati” claimed that earnings on this mew | g2l (0 rh e stock e running at the rate of § Atlantic Gulf « share, although this estimate seems | AHAN4IE Quit- too high and does not allow enough | 2UAS £AC for the reserve appropriations anda |Austin Nichols.. write-offs. However, talk of an in- | Auto Knitter. crease in the dividend from $5 to $6|Auto Salespf. is not unreasonable. Baldwin Loco- |Bfl|d\l‘in Loco. motive, Pullman and the other equip- ! Balto & Ohlo ments moved forward also. Barnesdall (B). Many Stocks Show Strength. | Batopilas Min The way stocks like Studebaker | Bayuk Bros. and American Can turned around | Beechnut Pack. after having lost a piont or so was | Beth Steel... very impressive. 1t showed how the | Beth St17% (n). 88% active speculative eclements were | Booth Fish 5 working on the bull side. Br Em Stl 2d pt. 20% Even the oil shares received better [ pieriligison® 1097 support. D'hillips Petroleum more | gt ¥ ot Aol ox SO0 than getting back its early loss. Y A 15 Mack Trucks was one of the fea- [-Burns Bros (A). 121% among the specialties in an- | Burns Bros (B). 26 ticipation of a considerably larger | Butte Copper. 6% dividend distribution before the end | Butte & Super... 22 of the vear. Caddo O 2% In the public Calif Pac! 80 b i 0! e 11 1 ebsorption was noticeable again in | ST Dack.. 22% orth American and American Tel- 5 ephone and Telegraph at 123 was | Calif Petrol pf.. 100% Lwithin points of its best of the |Calumet & Hecla 43 Canadian Pac. .. 147% year. Rall Shares Do Well, Central Leath. 214 Railway ehares were generally | Sentury Rib Mili srong, with Baltimore and Ohio at | Cerrode Pasco.. &1% the highest touched on the present | Chandler Mot... DI% recovery, with New York Central {Chesap & Ohio.. 61 @bove par, and with Reading above 76. |Ches &Opf wl. 97% Buying of the latter was inspired by (Chi & Alton. 29 the rise in Reading Coal rights on the [Chi & Alton p! 1 curb. Selling reappeared. however, in | Chi Grt West. 4% Great Northern preferred and North- | Chi Great W pf. 11 ern Pacific. Considerable switching |Chi Mil & St P... 19% appears to have been going on from | ChiMil &St P p?. 34% these “into other " dividend-paying :Chx&Narlhwn. 7 stocks on the idea that the north- | &N Western roads will be hit hardest by | Ghi &N pan 1am any reduction in freight rates on |Gl ' Pac... 260 According to private advices a cut; Chi R1&PS% pf. 74% in’ Mid Continent crude oil prices Is|Chl RI&P 7% pf 85 expected later this week. It is re- |Chile Copper.... 26% vorted that representative producers|Chino Copper... 19% in the fleld will meet Thursday to |Cluett Peabody. 64 Coca-Cola. 79 take action, o Assocl Dry Goods Active, | Colo Fuel. 281 A e e oomes Jtve|colommauths.T aew Assoclated Dry Goods stock was s, i bought again today by people who|Columbla Gas.c 3 have information on the first half|ColumbiaGraph = 1 ryear's operations. oss business in-|Col Graphpf.... s creased about § per cent over the|ColumbnCarbon 47% sume period of 1922, while there was|ConsGasgfNY. 61 much greater improvement in net | Cons Textlle ™ rnings. It is estimated that Dry|ContCan....... 47% Goods earned about $4.50 on the com- | Continental Mot 7% mon stock after dividends on the two | Corn Products.. 122% classes of preferred and that net in- | Cosden & Co 39% ‘come on the common for the full|Crucible Steel... 67 95% twelve months will amount to $18 & Cuban-Am Sug. share Cub Am Sng pf.. There was further buying of Erie |Cuba Cane Sug.. 11% first preferred because of the favor- | Guba Cane Spf.. 43% able rate of earnings which the com- | Gyvamel Frult.. 60% pany has been showing. For the first five months the nct amounted to $9 | Davidson Chem. 30% a share on the first preferred stock | Deere Copf..... 62 and some believe that for the full | Del & Hudson. .. 106% year the figure will be approximately | b Lack & West. 115% a shars. Baltimore and Ohio stock displayed | DOme MIAes. - - L further strength today because of this LB . 1197 carriers’ holdings of Reading coal | DUPOR gore rights. These holdings were valued | Dupontdeb. at close to $15,000,000 at the current | Eastman Kodak 107% selling prices of the latter today. The { plec Stor Bat... 56% advance in the price of the rights €S SIF TR T Ganl was reflected in Baltimore and Ohlo | DA< 12% stock. ¢ 4 Advance in Afternoon. o %g-: American Locomotive and Baldwin o o Locomotive continued the leaders in { Famous Players the afternoon, but more attention was Famous Play pf. 90 paid to the motor and motor accessory | Fed Mines & S.. 8 stocks. Studebaker, which had gone | Fisher Body.... 159% Lelow 106 ‘early in the day, rallied | Fisk Rubber.... 8% #bove 107. There was more of a|FoundationCo.. 76% demand for Chandler and for Plerce | Freeport Texas. 124 Arrow, while Stromberg Carbureter Tan up sharply, Gen Am Tk Car. 44 European exchanges were generally | Gen Asphalt.... 29% higher, with francs around the G-cent | Gen Asphalt pf.. 683 level for the first time in a month. | Gen Electric. ... 174% Possibly this might have been con- | Gen Elec spl 1% strued as an expression of more hope { Gen Motors. 18% that something will come out of Great | Gen Mot 6% deb. 80% Britain's efforts at a_settlement of [ ST pel Bres. a“ German reparations. But more likely | S Dol BECS e it was due to the'covering in of an owerextended short interest. The reason German marks have [ Goodyear pt. .. not shared in the general recovery |Granby Consol.. in the exchanges is cleverly brought | Gt Northern pf.. out by the latest Reichsbank state- | Great Nor Ore. ment. Thie shows an increase of | Guantana Sug. over five trillion matks in note cir- | Gulf M & Nor Df. oulatio Gulf St Steel.. Why Living Costs Double. Harbishaw Cab. The lurgest previous incroase was | Hayes Wheel. that of four and a quarter trillion | Hendee Mfg. . in the week of June 30. It is easy | Househ'd Prod. . 16 understand how the German cost | Fouston Oil of living doublee in a few days' time. Motors. If this goes on as it is now without | HUPP Mo i commensurate rise in wages, food Hydraulle Stl. ots such as occurred at Breslau ma. . Saturday are likelv to b frequent. | oa oik Gas. Germany till has large credits in | [niand Steel. London and. throuch Tecent gold | 120G <iee) of shipments, has been building up a | ID8DY DR credit in’'New York. These funds|laspiration. aan be utilized to purchase American |In Ag.Chemical. foodstuffs. But they must aleo beqInAgChempf.. made to do for purchases of coal|Int Cement. needed to make up for the shut- |InCombustE. CLEARING HOUSE PROBES METHODS Local Bankers Asked to Give Information on Use of Spe- cial Regulations. 1 Low. Close. 57 57 88% 88% 80% 80% 86% 86% 95% 96 8% 78% o1 101 80% 80% 83y 84% 4% 4% 94% 94% 87% 8% 831 83% 112% 112% 112% 112% 9% 79% 96% 97 86% 86% 89 89% 87 87 83% 85 86% 87 98 98% 78% 78% 49 49% b57% 67% 844 64% 63% 63% 725 107% T9% 76% 78% 898 T1% 102 102 Close. 126 325 20% 23 9% 424 122 % 37 61% | 8% | 28 | 12t 99% BY GEORGE T. HUGHES, 12% | special Dispatch to The Star. “‘,?‘/’ NEW YORK, July 23.—The bond Sosg | market was firm at the start of the 441, | Week's trading. Here and there there 64% | was a weak feature and United States 4% | Bovernment bonds were inclined to be 1% | heavy, but it was difficulteto buy any 17% | substantial amount in a high-grade "“:/fi security withaut bidding up the price. *| In the outside market there was a u:‘:'ncxiceable weakness In Iowa Central 1314 | 68 and 4s, Des Moines and Fort Dodge 647, | 48 and the Minneapolis and St. Louis 61% | issues generally. Iowa 4s made a 36 |new low on the exchange lasts week 44% since issued. This is doubtless a re- flection of disappointment over the |continued poor earnings of the { Minneapolts and St. Louis. Another Weak Feature. AnothEr weak feature today was Denver and Rio Grande refunding bs, which had such a sharp run-up last week under apparently confident buy- 46 ling. The Missouri, Kansas and Texas 118% | adjustments were highe 60 | There was very little change in the ls’mill“l:al ails and the high-grade in- 10% | dustrials. Illinois Central 4s of 1953 33 went a little higher and there was iy | fair activity in the Southern Pacific ol O Duquesne Light 68, 5% | not perhaps in the first grade, but 52 msidered very strong, were firm. 52% i Sules of the American Telephone and 324 | Telegraph's two convertible issues, 14% [ 41.5 of 1933, and the 65 of 1925, were 45% | made at fractionally higher prices. 21% | Among the tractions the feature 47% | was the continued buying of Hudson 18% | #nd Manhattan refunding s, The in- 3ot |come 5 were also firm. There was| 20 not much change in the Interborougl 4% Rapid Transit issues or the new 81 |Rapid Transit securities 6s 8% Forelxn Nonds Dull But Firm. 95% | _Foreign bonds were dull but firm. 5t | French issues were fractionally { higher, notably the Paris-Lyons and 913 | hiE! y the Paris-Lyons an 738, | Mediterranean” 6s. Czechoslovak §s 16V Isold up to 94 and the Bolivia 8s made 7s. |@ new high on the recovery which L% followed reports that the Bolivian 8% | government desi certain changes made in the loan contract. A feature in tiWe industrial list was 6 jan advance of over 1% points in 86% | Pierc Arrow S8s. At today’'s price 34% | they show a recovery of more than 6 68 | points from the low of the first of the 16 |month. s HUGO STINNES AFTER 98 § ;' LAND IN FLORIDA 3% | 1 581 20 . Acre Tract. | Speciat Dispateh to The § 38%}ord a few davs ago, Mr. Clement S | Brooies BAG 1508, Y| Ucker, director of development of | 51 1064 | g:‘}German Financial Giant Said to i 103% | BALTIMORE, July .—While 1313 | Gen Elec deb s 314 ] the Seaboara Air Line Company in-1Go0 Bel €0 entally mentloned the fact that a|Goodyear 8 1931 New York business man reported to|Goodyear 8s 1941 i be representing Mr. Hugo Stinnes of | Humble O&R 51, Germany had asked him to undertake | Illinois Bell 1st 5s. 10 block up about 1,000,000 acres of | Indiana Steel 53 land on the Seaboard Air Line in|IntMer Marine 6s. southern Florida as an investment |Int Paper ist 55 B. proposition. CCP& 52 Mr. Ucker said the matter was not | 1 e Saeme o4 - i presented to him in any confidential | ¢ & MycnTa. way, therefore he had no objection | L4B&ett &Myrsis. to the publication of this inquiry, but | Liggett & Myrs is. the impression made upon his mind | Lorillard (P) bs. was that Stinnes had accumulated a|Magma CopcvTs.. cast fortune and was scattering it |Manati Sug sf7iis out over the world, 80 to speak, and | Mexican Petrol §s. at times he was rather hard put to;Mijch St Tel 1st 5s. find a place to invest hfs surplus. | Mjdvale Steel 5s. .. After thinking over the matter, Mr. | Montana Power 58 Ticker decided that he would not take |\ ioaic GUET P #ny part whatever In carrying out |, bo 1555w such 'a scheme, and so advised the |NatTubelstOs . New York people. His reasons for|N ¥ Edsnist833s. this position were that he was not [N Y Tel 63’41 in sympathy with the proposition |N Y Tel 6s'49 from patriotic reasons as well as|N Am Edison 6s. from business reasons and the busi- | N States Pow bs... ness reason was that he did not want | Northwst B Tel 7s. to see Hugo Stinnes or any other|OtisSteel 713s..... foreign capitalist get control of a < million acres of land in the south |Pacific Gas & Els where he could hold it indefinitely |PacT & T 55°52 without development, merely for the | Phila Co ref 63 A increment that would come to it in|Pjerce-Arrow 8s. .. Producers & Rf 8s. Public Service bs. . jPunta Alegre 7s. .. Sacks & Cosf7s. .. future years. . e Sinclair Oil 7s..... Sinclalr Ofl 6% W 1. DEMAND CHEAPER BREAD. in Crude O1l 6s Financial Men Call Attentiion to Sin Crude Of1 514s. Drop in Flour Prices. St Pipe Y 'ne bs. Special Dispatch to The Star. South Bell Tel 65 ATLANTA, July 23.— Flnanclal | 5o Por Rico Sug 7s. leaders all 'through the south are|gioeis Tube7s.... expressing Impatience today at the |n' Tl pow 65, failure of middlemen to pass on the [ Tean EieC FO o0 {drop in the price of wheat to the [Union Bag &% 98- - consumers. Bakers declare that jt,Unit Drugcv 8s. will be at least sixty days before the { U 5 Rub 1strf 6s fall in wheat will be reflected in the | USRubber? USSteels f6s. price of bread. Utah Pow & Lt LOAN TERMS OPPOSED. Vertientes Sugar 7 V .-Car Chem 7s... MONTEVIDEO, July 23.—It is stated | Va-Car ¢ 7%s w. that the Uruguayan government will | Warner Sugar 7s reject the tender of the National City | West Union 63gs. .. Bank of New York for the recently | Wickwire Spen 7s. 1 93% authorized loan on the grounds that | Y’ {lson & Co 1st 6s, 10 96 the terms are unsuitable. Wilson&C cv 713 1 96% — Winchester A 73s. 8 104 BUT TEN JUNE FAILURES. (Bavrosone, tuy stoms, | PRICES OF WHEAT AGAIN GO LOWER| Open. High. 124 12% 33k 334 20% 20% 23 23% 9% 9% 42 42% Receipts of poultry and eggs were | light this morning, receipts usually.| being light on Mondays, shippers in nearby Maryland and Virginia not engaging In business on Sundays, There was not much of a deman® for poultry and eggs this morning, and prices were substantially the same as at the close of last week's market. The market on lens easier, young chickens, demand. commanding prices. Eggs were not mand. Eggs—strictly fresh, selected, can- dled, per dozen, 27a28; average re- ceipts, 25; southern, 24 Live poultry—Roosters, per Ib., 14; turkeys, per ib., 25; spring chickens, per Ib., ‘33a38; Keats, young, each, 40; fowls, per 1b., 26. Dressed poultry—Fresh killed spring chickens, per 1b., 46a50; winter chick- ens, per b, 36; hens, per 1b., 30; roosters, per 1b., 20; turkeys, per 1b. 35a40; keats, young, each, 70280, Live stock—Calves, chgice, 1b., ium, per lb., '8a8%-; thin, per Lambs, spring, per Ib., 123;; . ~3.00a5.00 each; lve hogs, 8%. Green fruits—Apples, new, per ket, 1.00a2.50. California orange crate, §5.50a6.00; Florida, ~3.00: Lemons, per box, 6.00a6.50. G fruit, 4.00a4.50. Blaekberrie #7al2. Peaches, 1.00a3.00. Cantaloupes, | standard. 2.00a4.50; pony, 1.75a3.25 flats, 1.26a1.50. Black raspberries, 15 red raspberries, 25a40. New potatoes, per bbl., 0. 2, 2.00a Let! : 50a1.00; New York, .50. " Romaine lettuce, per crate, 1.00a2.00. Cabbage, nearby, 1.50 a2.50 per bbl. Eggplant, per crate, 2.00a3.00. Tomatoes, % bushel bas- ket, nearby, 50a1.00. Beans, 2.50a3.50 per bbl. Peas, 2.00a3.00 per basket. Peppers, per crate. North Carolina, 1.00 {a150. Kale, per bbl, 75a1.50. Spinach, per bbl 0a4.00. Celery, per crate, New York, 6.0026.50. Squash, 40a50.{ North Carolina lima beans, 2.50a5.00 | in L Ann Arbor 4s { Atchison Moon Motors. Motner Lode. ! Nat Biscuit..... {Natl Biscuit pf.. 122 122 Nat Conduit.... % 3 Natl Dept Stores 87 87 Natl Enamel. 62 62 Natl Lead. 118% 118% Natl Ry of .o2% 2% Nevada Copper. 123 12% | N Y Central. 99% 100% |NYNH&Harttd. 13 13% Norfolk South.. 10% 10% Norf & Western. 104, 105% | North Amer 21% 22% North Am pf. 4 North Pacific... 66% Ohio Bdy & Blw. 4% Oklahoma Prod. 1% Orphieum Circuit 17% Otis Steel . 8% Owens Bot! 44% | Pacific Develop. Pacific Oil. . Packard Motor. Pan-Am Pete. Pan-Am P (B Penn Coal & Clie Pennsylvania. .. Penn Seabd Stl. Pere Marquette Pere Mara pf ... Philip Morris. Phillips Pete. Plerce-Arrow . Pierce-Ar pf. Pierce Oil. . {Pitts & W Va... Produc & Ref Pub Service Pullman Co. Punta Alegre Pure Oll..... Rapid Tran Sec. Rap Tran Sec pf Ray Con Copper Reading Reading st pf.. Reading 2d pf.. Remington. ... . Replogle Steel. . Rep Ir & Steel. . Reynolds Spr. .. Royal Dutch. St Joseph Lead. St L & San Fran St L&San Fr pf. St L Southwn. .. St L South pf. San Cecil Sug Schulte Stores. . Seaboard Air L. ! Seaba A L pt. { Sears Roebuck. Shell Union. Simms Petrol Simmons. ... Sinclair Ofl.. Sinclair pf. Sloss-Sheffield. . South Pacific. Southern Rwy. . Southern Ry p* Spicer Mfg Co. . St Ofl of Calif Stand Oil of N J. 11 | Steel & Tube pf. 19 |Stewart-Warner 33 | Strombg Carb. . 69% | Studebaker. 109% | Submarine Bt 81 | Superior 01l 26% | Sweets Co of = | Teun Copper. .. 27 | Texas Company. 25 | Tex Gulf Sulph. S43; | Texas & Pacific. St | Tide Water Oil. 23“‘ Timken Bearing S8 | Tobacco Prod. .. 344y | Tobacco Prod A. 1" Tobacco Pro pf. % | Trans Cont Oil.. 4% 4734 | Underw’d(new). 613 | Union OIl. . % | Union Pacific. .. 48% | Union Pac pt.. Un Alloy Steel. . United Ry Inv.. Utd Ketail Strs. US Cast I Pipe. U S Hoffman M U S Indus Alco. US Realty U S Realty pf. U S Rubber. U S Smelt&Rs U S Steel U S Steel p Utah Securities. Vanadium Corp. Van Raalte..... Va-Car Chem. .. Va-C Chem pf. . Vivadou..... Wabash. . : Wabash pf (A). | Web & Heilbrn. Wells-Fr Exp. . West Pacific. West Pac pf. ... Western Union. Westhse E1&M. Wheeling&L L. White Eag Oil. . White Motor. .. White Ofl...... Wickwire. Wilson Co = Willys-Overld. . Selling Oils Fails to Halt Up- ward Trend Noted in Many Leading Issues. was a trific not in great last week's in great de- Low. Close. 102% 102% 90% 91% 100% 101% 95% 96 101% 101% 109% 109% 87 88% 79% 9% 82 .82 9615 96% 101% 101% 100% 100% 101% 101% 99% 100 99 99% 103 103 102% 103 102% 102% 48 44 90 90% 99% 99% 93% 93% 1084 109% 6% 96% 9% 92 96% 97 96% 96% 97% 98 94% 95% 93 3 93% 234 9214 92% 80% 80% 76 78 9% T9% 79% T9% b4k 54k 831 33l 86 86% 101% 101% 110% 110% - 9T% 9T% 91% 91% 72 8% T 1% 107 107 92 924 91% 91% 861 864 63% 69 105 105 116% 116% : 76 6 28 113% 112% 113% 88 10215 102% 102% 2 103% 108% 103% 4 110% 110% 110% MISCELLANEOUS. Am Agr Chem T%s 10 Am Chainsf 6s Am SmIt&R 1st bs. Am SmIt&R 6s. Am Sugar Ref 65 AmT&Tcv 68 AmT& Tcltrbs AmT& Tcltrds Anaconda cv db Anaconda 18t 6s. Armour & Co 4% Barnsdall s f $s { Bell Tel Pa bs rets. { Beth Steel pm bs. | Beth Steel s £ 6. | Brier H St 1st 515 [ Bilyn Edison 7s D I Bush T Bldg 58 '60. Central Leather b8 Cerro de Pasco 8s.. Chile Copper 6s {Cuba Cane cv d 8s. | Diamond Mth 73;s. in{Du Pontde N 7i;s. Duquesne Light 6s. Argentine 7s. Austria 7s ctfs Belgium 7 Belgium 6s Belgium 8, Bern 8s. .. Bolivia 8s. Bordeaux 6s Brazil 7 | Brazil 8s. Brazil 7 Canada 58 1926. Canada 5%s 192 Canada 65 1921. Canada bs 1962, Chile 83 1946 Chile 841926 Chile 851941 Chinese Gov Ry 3. Copenhagen § Cubablswi..... Czechoslovakia 8s. Members and associate members of the District of Columbia Clearing House Assoclation have been reques:- ed to advise that body if cert ommendations, outlined many y 2go, are still being carrfed out by local institutions. These recom mendations for the carrying on banking in Washington were draw: up in 1914 by George W. White, Cun. H. Rudolph and Henry H. McKe after lengthy deliberation of major bank problems and an exhaustive re- search of methods pursued in oth cities, and are as follo 1. A uniform practic ing commercial paper. 2. That commercial paper bearing {interest be discounted by adding i lamount of the Interest at the rat specified to the principal, thus mal ing a new principal which shall b discounted at the rate agreed up | by and between the bank and its cus | tomer, 3. ‘That loans, to cured by collaterii be 4. That interest on loans it may be the banks to make monthly. Notwithstanding above recomme nine years aceentuate BY STUART P. W Canadian North 7s: 5 Canad North 63;s. , 26 Cunad Pac deb 4s.. 23 Car Clinch & O 6s. . 55 Central Pacific 4s. 4 Ches & Ohio cv Bs. . 24 Ches&Ocv4ls... 9 Ches & O gn 41s.. 12 Chi B&Q gn4s'58. 5 ChiB&Q Istrf6s.. 5 Chi & EIll gn 6s... 11 Chi Great West 4s. 6 ChiM&S P rfa3s. 1 ChiM&St Pevs.. 16 Chi M&S Pov 4143, 10 « M&StP4s’'34.. 1 Chi& NW1s 1 ChiRysbs........ 4 ChiRT& Pac rf 4s. 26 ChiRI&Pgnis.. 5 ChiUnStadls.... 9 Chi & W Ind cn 4s. 1 Chi & W Ind 7%s.. 12 CCC&StLTL6sA.. 2 Cleve Term 6 T Colo & Sou 4% 14 C:5aRRGS....... 3 Del & Hd 1strfd4s. 6 D & Rio G imp 6s.. 13 D& RG 1st rf bs. Den & Rio G cn 4s. 24 Det United 4%s... 8 Erie conext7s.... 5 Erie gen 4s. €0 Erle conv 48 D. 8 GrTrunk sfdbés.. b Gr Northgen 7s... 15 Gr North gen 6%s. 35 Havana ERL&P 65 1 Hud & Man ref 6s.. 41 Hud & Man aj bs. .. 56 I Centref 5a'56.. & 111 Central 6%s. 2 Int Rap Tran bs... 19 {Int Rap Tran7s... 5 Int Rap Tr 6s stpd. 21 & G Noraj6s. . t & G Nor 1st 6s. Kan City Ft S 43 Kansas City S 3s. . Kansas City S6s. . Lake Shore 4s '28. , Lake Shore 48 '31.. 24 Louls & Nash 7 N Louls & Nash 5%s. 1 13 69 % 81 T0% 44% 81 5% 13% 8% 35% 65% 103 21% 135 128 147% 1443 37 60% 88 101% 14% 15 109% 11 88% 4 80 15 82% 11 96% 4 101% 4 100% 5 101% 1 100 43°103 1 102% 4 44 3 90 15 99% 26 94 9 109% of discour 26 4“ 4 44 624 13% 22% 9% | | | { Denmark 8 Denmark 6: 8 964 DutchEI6%s.... 36 92 Dutch East I 6s'47.104 97 Dutch East I 6s'62. 40 96% French Govt 8s.... 39 98 French Govt 7 74 95% Halti 6s ctfs 2 93 Japanese 1st 43;s.. b 934 Japanese 2d 4%s.. 12 924 Japaneseds....... 3 80% jJergen UM6s’47.. 20 78 Lyons 6s. 2 19% Marsellles 65 3 79% Mexico &s. 1 b4% Mexlico 4s. 5 83% Montevideo . 2 86% Netherlands 6s.... €8 102 Norway 8s 1 110% Norway 6s........ 10 97% Orfent Devdeb 6s.. 4 92 Paris-Ly's-Med 6s. 13 73% Prague 73;s....... 4 7% 1107 831 99% 8K14 1 114% 14 115 22 22 iz . 122% 50% 10 1% 56 65% 481 indiv made uch ne be luals 1 time demand ary for collecte 275 iy son 4 the fac tions wer &0, their import than dulled by the 193 lapse of time, present associatio officials hold. Methods in Other Cities. Reference to the methods pursue {in ofher cities which discount com meercial papersbearing interest ind cates that suth not . in_three ways First, the interest is principal, thus making cipal, which is discounted at vailfng rate for the elap between the day of discount ¢ date of maturity. The bank ret the discount as ment for its ice the remainder D the customer who prescnted the for discount, . Second, the principal is dis®hunt and the ‘accrued interest is the customer when the note pius terest is collected Third, the bank | | | | i | 1 | BALTIMORE, ial).—Potatoes, new, barrel, 1. 15.00; bushel, T5a1.75. Sweet potatoes. barrel, 6.00a412.00. Beans, bushel, 1.00 al.40. Lima beans, bushel, 3.00a3.50. | Beets, 100, 4.00a6.00. Cabbage. 100, 6.00212.00. Carrots, 100, 4.00a6.00. dozen, 50a1.00. Corn, @ozen. 5. Cucumbers, basket, 50a60. geplants, basket, 1.50a1.55. ‘Lettuce, | bushel, 50a1.00. Onions, bushel, 75a 1.50. Peas, bushel, 22.50. Pep- pers. basket, 75a1.00. Squash, basket, 20a25. Tomatoes, basket, 1.00a1.25; green, 50a75. Apples. barrel, 21.00; Md., w, July Queensland . Rio de Jan 851946. 14 921 Rio de Jan 8s 1947. 22 92% Selne, Deptof, 7s.. 18 B86% S 6 69 6 105 13 116% 1- 76 5 Confed 8s. utility group quiet os. 7 A Ud Kingm 6158°8 P retain laside for its own use an {to the interest, at the rate {in the note, based on the the time the transaction i pays the remainder = Manhat Ry en 4s.. Market St cn 5= Mil El Ry & L bs Iare s 1.0023.00; bushel, ment 9715 974 prineipi quart, 15&15. Huckleberrie gquart, 14al8. Peaches, basket, 50a75 Plums, basket, 40a30. Raspberries, pint, 10a12. Watermelons, each, 20a60. Selling Prices on Grain. . 2, red winter, spot, 1.11 inter, garlicky, spot, 1.033 , red winter, garlicky, spot, 1.011% , red winter, garlicky, epot. 991, s—Bag lots of nearby sold at a ! range of 70 to 1.00 per bushel. Cargoes on grade, No. red winter, garlick; 1“" : No. 3, 1.01% ; No. 4, 9912 ; No tds.... MK&Tprin5sA. 17 MK&T4sE. MK&TEsC... MK & T adj bs Mo Pacific 6 Mo Pacific bs First Method The first method, the association belfeved then rrect, is the one accepted in cities co search, and yields than the third meth, 4 division of the am and interest, because to his custo note. 1 will g the interest The adv, tice of making c based on the r follows: The officers of the ban rower are brought more more closely in contact > collateral is brought at stated intervals for <he of the officers of the by, The contract is one of turity, which is alway one of uncertain matu 4% Montrl Tm 1st bs. . Nassau E Ry 45 57 New Or Term 4s N O Tex & M in bs. ¥ Y Cent gen 3%s. ¢ Cent deb 6s... 1 YCentribs.... Y Cen LS cl 313, ew Haven c d 6s ew Haven d 48 109% 81 % 86 27% 20 6415 64 9% 19 28% 28% 28% 28% 4% 84% 1% 1 4% 4% 4T% AT 614 60% % % 84 47 &3 T 123 122% 39% 38% 67 6 28 951 109 80k 74% 85 267 19% " Corn'—Cob, new, 4.75 per barre tract, spot, 921 per bushel ; N ; track corn, vellow, No. 1; con-{ 2 corn, 2o arch’ finding and the Lor- frequently und nel. arby, 80a90 per bushel: No. | ern export, 75 ; No. 2 ry Receipts, 72 tons; market for is firmer at a range of 20.00 to 25.00 per ton. New nearby hay arriv- ing mostly in heated condition is selling strictly on merit at slightly lower prices than for old hay. Straw—No. 1 tangled rye, 15.00a16.00 No. 1 wheat, 12.50a13.00; normal, 14.00a15.00. Y W & Bos 4%;s. orfolk & W cn 4s. orfolk & W ev 6s orthern Pac 3s. .. orthern Pac 4s... Northn Pacri 6s.. Northern Pac s D Ore & Calif 18t §s. . {Ore-Wash 1st rf 43 | Pennsyl gen 5s. | Pennsyl gen 4353 Pennsyl 61zs... fory r 387 | 9y | 43 | . b Wish to Invest in 1,000,000~ 38% | the office of the Manufacturers Rec- ) demand and notes ker exe his right In most, if not all, cases notes held by banks are den -lonly in name. The m jwith perfect freedom any amount on the principal time, thus saving the inter amount paid. But a d. bunk for payment of amount often makes DAIRY PRODUCTS. BALTIMORE, Md., July 23 (Spe- cial).—Live poultry—Spring chickens, pound, 30a38; leghor 25a30; old hens leghorns, 20; old roost- { ducks, 14a20; _ spring pigeons, palr, 25. s off)—Native and nearby dozen, 2 uthern, 23, Butter—Creamery, good to pound, 37a$l; prints, 4lad3 36a39; ladle: tore packed, 0a32. TODAY’S CHICAGO PRICES. CHICAGO, July 23. — Although | [wheat starfed lower in price today the market soon scored gains. Heavy receipts of newly harvested wheat here, estimated at 1,061 carloads, were | chiefly responsible for the initial downturn in values. On the other hand, unfavorable weather in_ the northwest and reports of crop dam- age by black rust, together with scantiness of offerings in the south- west, a subsequent advantage to side. Opening prices, which ranged from % to % to lower, with September 98% to 95% and December 1.01% to 1.02, were followed by upturns to above Satur- day’s finish. Corn showed independent strength, and July delivery reached a new high price for the season, 86%. Af- ter opening at % decline to Sa¥% advance, Septemger 767% to 77, the market scored a material advance all round. Oats started unchanged to % lower, September to 35%, and later showed a general upturn. Higher quotations on hogs gave firmness to the provision market. Open. High. Low. Close. 0% 60T 983y N3, Loty Rapid Tran 6s w 1. | Reading gen 4s. IRTArk & L4ts. St LIM&S R&G 4s. StLIM& S4s'29. StL&SF pldsA. 95% 32% 30% 62 62 106% 108% 116% 116% 36 36 13% 13% 121% 118% 821 2% 108 107% 57% 656% 68 67% 124 12% 20% 20 13% 13% 6% 4% 90 to ba terming although he should 5 an attitude which many & ed. a ns on coll confined to brokers and ste Lond dealers, the committed o son interest on such Ioans should not ha collectod nonins, The amounts borrowed by tomers are lurge and i ed monthly would be a distinet i to the banks and should not jected to by the borrowers in view frequent substitution of collat rly replies to the Clearing Huo clation’s query “have becn { quested. Riggs Bank Rights on Exchang Riggs Bank rights “wh were admitted to the i<t ¢ exchange today, 100 beiny none offered. Aside from as featu 45 sold tL &S Fadj6s. |StL&SFplésC. IStLSWistds.... ALref4s.. cab'd A Ladj 5s. . eab’d A L con 6s. i oV ds. 77% | Sou Pacific ref 4s. . 987 | Sou Pacific clt 4s. . 109% | Southern Ry 1st 65 105% | Southern Ry gn 4s. 106% | Southern Ry 6155 92% | Third Ave adj 6a. 90 | Unlon Pac 1st 4s. 107% | Union Paccv 4s. .. 91 | Virginia Ry 1st Gs. 90, | Wabash 1stss...., 90% Western Pacific 6s. 100% “:esl Shore 1st 48 80 80 721, | Wisconsin Cent 4s. 6% 6% NS%’ TOTAL SALES (Par Value): 83% | 11a.m.. 1975000 12noon 2 244 000 :82'& 1pm.. 4025000 2p.m.. 4870000 _— 967% 94 SHORT-TERM SECURIFIES. 97%{ (Quotations furnished by Liedmond & Co.) oo, 9715 10814 €5l 2556 1053, a0 100 103% 1937 94% }“):l\g % 1y A s 86 t 106 101% | 88 | 96% | 82% A% 103 109% 93% 5% 96% 104 104 fancy, : nearb; and 8074 “o% 677 101% 49% 92 95% 94% 6 80 80 7614 | 48 9514 94% 96 80 31 1 95% 943 95 80 % 26 % 66 645 271 274 235% 235 284 2T% High. Low. Last. CallMoney..... 4% 4% 4% HOURLY SALES OF STOCKS. 11a.m.....166100 12m. 239300 1pm. -305600 2p.m..... 368400 0 3 1 124 124 5 44% 44 . 30% 29 6814 68 176% 174% 11% 11% _14%_13%_14% 80% 80% 80% 44 44 44 98% 981 984 8% 8% 8% 49% 49% 49% 21% 20% 20% 64 63% 63% 20% 29% 29% 6% 6% 6% 49 49 49 4% U T 15 1 36% 386% 13% 13% 83% 83 52% 52 20% 19% 1% 1% 4% 4% 5% 6% 33% 33% 98 98 31 30% 3 3 8% 8% 37 37 23% 22% % 1 extent of , and Tepeo ed at 1011z, 64% Wisconsin Cent. 2734 ‘Woolworth. . 236% Worthington 27% {Georgetown The stock list was quie {way preferred selling at | genthaler at 149, |WEEK’S BOND OFFERINGS TOTAL ONLY $10,673,000 { B the Associated Press, | NEW YORK, July { investment bonds tional improvement many of the low-priced issues proved to a greater degree, the latt i being influenced by the better ton which prevailed in the stock marke toward the end of the week. On the whole, however, the mark was a dull affair, with a relati small volume of transaction bond offerings fell off to $10.6 or only about half the total of $21 1626,000 offered the previous weel i new offerings_included | $3.760.000 one to ten-year 5 per ce equipment bonds of the Central Rail i of New Jersey at price to 5.20 per cent: $3.200,000 Aluminum Co. of Amer. 7s 1925 . of Amer. 7s 1933, ton 01l Bs 1924, n Sugar 6s 1937 n Tel. & Tel. 6s i American Tel. & Tel, fs 1825 Anaconda Copper s 1929, Anglo American Oil Tias Hell Tel. of Can. Ts, 19: Canadian Nor. 5igs 19: Central Argentine” Rwy. @a 192 648 29% 61a 19 7 % 85% 134 83% 52% 20% 1% 4% 5% 331 98 31 3 Ny 37 28 TREASURY CERTIFICATES 111 (Quotations furnished by Redmond & Co.) 86t 106 102 88 9615 8214 674 103 109% 23.—High recorded last “weel gradi s % 18% 33% 52 19% % 4% 5% | 33 | 98 | 30% 3 8% 87 238 L reac- 335 September 1 B 3iis September 4s'" December 13, 4148 March 1 58s June I 5igs Septem 4&is March 1 435 June 15, 192 4908 December 15, 4iu March 15, 1 4178 September 1 33,8 March 15, 3428 December 15, VISIBLE GRAIN SUPPLY. NEW YORK, July 23.—The visible supply of American grains shows the following changes Wheat, increased 960,000 bushels. oy . im Chicago DuPon! Sugar Ref. @s 1033. r T. & R. 85 1931 Great Nor. 7s 1930. Hocking Valley 0s 19; Humble Ol 3l4s 1 Kangas City Ter: Kennecott Copper 7 1f Libby, McNeil & Libby M., Bt. P & 8. 8. M. 614, Morris & Co. 73is 1930, Penna, R. K. 78 1030, St. Paul Union Depot Sears, Roebuck & ¢ Swit' & Co. bs 1932, Tidewater Oil 6lys 19: Union Tank Car | Eeptember. | 97, comber.. { 1',’2’: Decomber. 1017 1078y 1005 100 001, 10813 90 108 P 10875 L 1004 1001, P03, 1021 103 101118 1001116 0% 901110 1008 o 100 516 9% 5.80 877 Chicago Live Stock Market. CHICAGO, July 23.—(United States Department of =~ Agriculture).—Hogs Receipts, 53,000 head; fairly active| s 1081, September s 1981, October. 565 1004 4 1007e oty 108 104 June, the total assets being $140,300. and liabilities $231,675. This com- down in the Ruhr. CLOSING IS IRREGULAR. Railroad Shnr;s Drop on Heavy Sales—Motors Gain. By the Associated Press. NEW YORK, July 23.—Price move- ments in today's stock market were highly irregular. - Motors und mo- tor accessories and a wide assortment of miscellaneous industrials recorded moderate gains. Railroad stocks, after moving forward, fell off in later dealings. Cuban-American Sug- ar sold lower on a cut in commodity prices, and the oils were heavy on a 1-cent reduction {n gasoline prices. Sales approximated 450,000 shares. ‘The closing was irregular. Easing of the rate for call money to 41 per nt had little effect on the market. ail shares eased some on reallzing sales. CALL MONEY LOWER. NEW_ YORK, July 28.—Call money easier; high, 4% ; low, 43; ruling rate, 43 ; closing bid, 4%; offered at 4% 1ast loan, 4%; call loans agalnst ac- ceptances, 4% ; time loans, firm; mixed collateral sixty to ninety days, 5a5%; four to six months, 5a6%; prime com- mercial paper, 6a5%. TODAY'S METAL MARKET. NEW YORK, July 23.—Copper, : electrolytic, sppt and futures, 14%. Tin, firm; spot and nearby, 39.87 #40.00; futures, 39.75a39.87. Iron, No. 1 mnorthern, 26.00a27.00: jorthern, 25.50a26.50; No. 2 southern, 24.00a70. Lead, firm; spot, 6.25. Zinc, steady;“East St. Louis spot and nearby delivery, 6,10, Antimony, spot, 6.90a7.00. % A It Harvester. Int M Marine pf. Int Nickel. .. Int Nickel pf. Intl Paper.. Int Tel & Tel: Intertype Corp. 1Island Oil. Jones Tea. Kansas City S.. Kayser (Julius) Kelly-Spr Tire. Kennecott. . Lee T & Rubber. Lehigh Valley. . Lig & Myers. .. Lig & Myer (B) Lig & Myers pf. Lima Locomo. Loews Inc. Lorillard (P). Loose-Wiles Louis & Nash ... Mackay Cos pf. Mack Trucks Magma Copper. Mallinson & Co. Manhat El1 Sup. Manhat Shirt. " 20 17 24% 13% 80 36% 664 % 68% 18% 33% . 354 85% 19% 61% . 206 . 204 114 64 16% . 167% 1 5 89% 6% Market St Ry. .. Market St prior Marland Ofl. Martin-Parry. Maxwell (A) Maxwell (B) . May Dp Stores MclIntyre Por. . Mex Seaboard Mex Seabd ctfs Miami Copper. Miadiefit Ofl. Mjnn & St L (n) Mo Kan & Tex. . Mo K & Texpf. 1 76 24% 24% 13% 134 80 80 86% 36% 66% 664 30 30 B % 687 68 18% 181 38y 881 85% 3b's 36% 3b6% 6 5% 56 56 19% 18 61% 60% 205 206 204 204 114 114 64t 837% 16% 16% 158 167% 45 45 89% L) 6% 82 27% 46 45 10% €6 874 29% 42 12% 8% 17 13% 13% 25 % \8% 11% 6 24% 13% 80 364, 66% 30 % 58% 18% 334 38% 36% 5% 56 19 60% 205 204 114 84x% 15% 157% 45 89% 684% a8 | V5935 cabies, Oats, decreased 7 Rye, decreased 196 July 23, 1928— Loudon, poond Montreal, dollar Parls, franc . Trussels, franc . Herlin, mark Rome, lira Zurich, franc’ Atheng, drachi Madrid, -peseta . Vien Budapest, crown Prague, crown Warsaw, mark . Copenhagen, crow: Christiania, erown Stockholm,” crown . By the Associated Press. changes irregular. U. 8. dollars): Gre: on banks, 4.56%. ; cables cables, mand, .0497; cables, many — Demand, .00000288. ‘Holland—Demand, Corn, decreased 700,000 bushels. ,000 bushels. ,000 bushels. Barley, decreased 95,000 bushels. —_— FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) NEW YORK, July 28.—Foreign ex- Quotations Britain—Demand, 4.59%; sixty-day bills France—Demand, Italy—Demand, Belglum—De- Ge! (in 87% | caples, ,3926. Norway—Demand, .1625, Denmark— 29% 42 12% | mand, 79% | Greece—Demand, .0249. 17 18% | Demand, .0299. 13% 25 % 3% 11% 29% Sweden—Demand, .2666. Demand, .1751. L1781, mand, .000006%. .000014%. Argentine—Demand, Demand, .1025. 97 13-32. | .3405. Spain—Demand, B Switzerland — De- .14382. Poland—De- Czechoslovakia— Austria — Demand, Rumania—Derfland, .0063. razil— Montreal—Demand, The city of Paris has more than 10,000 hotels, k) pares with sixteen failures in June. 1922, with assets of $67,698, and lia- bilities of $113.188. —_— CALLS FARMERS BANKRUPT. OMAHA, Neb., July 23.—One-eighth of Nebraska farmers are bankrupt and_will lose their farms, declares W. E. Barkley, head of the Federal Land Bank of Lincoln, Neb. - ALL EMPLOYES INSURED. CHICAGO, 'July 23. ' (SpeciaD— Mandel Brothers department store has taken out a group insurance policy on the lives of all employes who have been- two years or.more in consecutive service. The basic coverage which is $550, will -be in- creased with continued service until it reaches $1,000. GASOLINE PRICES CUT. NEW YORK, July 23.—Cuts of one cent a gallon in the price of gasolinc were announced today by the Gulf Refining Company and the Standard Oil Company of New Jersey. The reduction by the latter company was eftective in New Jersey and Mary- land.* NEW YORK EGG PRICES. NEW YORK, July 23—Eggs—firmer, receipts, 6,118 crates. Fresh gathered extra firsts, 26a29; do firsts, 23%a25: fresh gathered eeconds and poorer, 21a23; New Jersey hennery whites, lo- cally ' selected extras, 41a43; nearby hennery whites,.locally selected extras, 41a43; state nearby and nearby western hennery whites, firsts .to extras, 30a40: nearby hennery browns extras, 34a3s: Pacific coast whites, extras, 38a39; Pa. clfic coast whites, firsty, to extra firsts, 20% 087, Lack of Export Demand Vital| Factor in Today’s Grain Trading. By the Associated Press. CHICAGO, July 23.—Persistent hedging sales and slowness of ex- port demand more than offset in the wheat market today the influence of all bullish factors. Early gains were ‘wiped out and the close was unsettled, %a% to % net lower, with September 98% to 987% and December 1.017%. In the late dealings the corn market eased down owing to welcome showers over much of the corn belt. The close was unsettled, % net lower to 1%a 12 advance, with September 76% to % 4 PARIS MARKET QUIET. PARIS, July 23.—Prices were easy on the bourse today. Three per cent rentes, 57 francs 15 centimes. Exchange on London, 76 francs 70 centimes. Five per cent loan, 75 francs 70 centimes, The dollar was quoted at 16 francs 793 centimes. BAR SILVER QUOTATIONS. LONDON, July 23.—Bar silver, 31%d per ounce. Money, 1% per cent. Dis- count rates, short bills, 3a8% per cent. Three-months bills, 3 3- per cent. 6a3: A e S. tern Union Giys 1936 Westinghouse E. & M. 7 1931, . ——— BOSTON STOCK MARKET. 10514 10914 1071, 10615 10985 1077, | BOSTON, July 23.—Following is a list of today's’ highest, lowest and closing prices for the most active stocks dealt in here: Ahmeek Am Tel & Amoskeag Arcadian C Arizona_Com . Boston-Elevated Calu & Apiz Copper Range .. Davis Dally . East Butte Eastern § & Hood Rubber Island Creek Island Creek pfd Isle Rovale . Mass Gas . New Cornelia North Butte 0ld_Dominion Superior & Boston . Tuolumne . U S Emelt . Ttah Con . Ventura Ofl . Warren Bros West End Wolverine High, 613y Low. 6y 1228 % 1013, 188 423 P £ 'mfi 8 15 8 14% " What Are Essentials? From the Pittsburgh Post. “The trouble with the women of to- day,” growled the aviation lieutenant at headquarters, “is that they fuss away too much tlme on non-essential things, Only tiis morning I though my wife was looking for my spurs and I found her fuseing around with a lot of fool summer ¢ on good kinds; mostly 25 to 40 high er: big packers unwilling to pay ad vance; bulk, 160 to 240 pound aver- 5a8.00; top, 8.05; bulk, 250 pound butche 7.50a7.80; packing sows, mostly 640 strong weight pigs, up to welght hogs, 7.25 ; medium, as. light, light, '6.90a 7 packing sows, smooth, .15 6.60; packing sows, rough, 5.90a6.25; Killing pigs, 6.50a Cattle—Recelpts, 17,000 head; fairly active; beef steers, vearlings and desirable beef heifers, strong to 25 higher; most, 10 to 25 up; killing quality, rather plain; yearlings shar- ing general upturn; fop, steers, 11.60; few loads, 11.25a11.35 choice yearlings, comparatively scarce; in-between grades, beef cows uneven, strong; spots, higher; bulls, about stead. plainer kind, weak; vealers, steady; stockers and feed- ers, fairly active, firm to higher; bull_desirable heavy bologna bulls, 5.7525.90; bulk vealers to packers, 10.00a10.; bulk around 3.00. Sheep—Receipts, 9,000 head; best fat western lambs, about 25 higher; others and sheep steady: four dou- bles prime western lambs, sorted, around forty to car to shippers and city butchers, 13.75: native, top, 13.25; culls, mostly 8.00a8.50; few lots lightweight ewes, 7.00; handy weight, 6.0086.50; -treavies, 25. > LIVERPOOL COTTON. LIVERPOOL, July 23—Cotton Spot prices steady. Good middilng, 15.41; middling, .26; low middling, 15.01; good or- dinary, 14.51; ordinary, 14.21. Sales 5.000 bales, including 2.900 Ameri- can. Recelpts, 7,000 bales, including 1,900 ‘American. _Futures _closed qulet but steady. July, 14.62; Oc- tober, 12.80; December, 12.43; Janu- ary, 12.36; March, -12.16; May, 12.03. 7.61 canners, matured | {four-year 61 per cent gold motes of | the Penn-0hio Edison Company, at 45 to vield 7.15 per cent, and $1,000,000 ten to thirty-vear 41 per cent' rond bonds of North Hampton county Pa at prices to yield .05 per cent SUGAR PRICES FIRM. Little Change in Raw, Future or} Refined Markets. { . NEW YORK, July 23—The early raw sugar market was quiet today. Prices were nominally unchanged at 51 cents jfor Cuba, cost and freight, equal to 6.91 for centrifugal. In raw sugar futures prices werr 2 to 5 points lower early. under Yight liquidation, but before midday prices rallled on ‘covering and trade buying influenced by the steadier market abroad. 7 The market for refined was unsettled and prices were unchanged to 25 points lower, with fine granuiated listed at 8.35 1o 9.00. The demand continued limited. Bt WOOL PRICES UNCHANGED . | Special Dispatch to The Star BOSTON, July 23.—Reports American Woolen Company's weight openings were received too late to give a definite trend to the ; market toda: Dealers believed tha: it possibly would be two or three days before the market fecis the ing fluence of those openings strongh¥® It was generally agreed that any thing less than a 10 per cent ady would be bullish on wool pri signments were increasing and west ern growers apparently were dis- Iposad to sell. There was no material | change in quotations. f the light- Con