Evening Star Newspaper, July 30, 1923, Page 24

FINANCIAL. MANY STOCKS HIT NEW LOW NARKS Selling Pressure Exerted as Week’s Trading Opens in Wall Street Market. BY STUART P. WEST, Special Dispatch to The Star NEW YORK. July 30.—The mar- ket this morning had another hour or so in which there was heavy sell- ing. partly representing response to additional margin calls over the week | end. During time it took for these offerings to be absorbed new low records for the year were made in a number of important stocks. in- cluding United States Steel common, Baldwin Locomotive, Great Northern preferred, Northern Pacific and some of the oils. Then the short sellers started to take in their profits and along with some fresh buying brought about for a time an irregular recovery Those who set store by averages e a point out of the fact that the evel of industrial shares nad broken through the low of the June decline, while the level of the railway shares Wwas very near bottom. Observers who clung to a hopeful view claimed that as prices reached this critical average the same support which had turned the market in the early part of the month might be expected to rea It was agreed that i much buyir change. bu and the 1 t mad e still s indifferent d Preferred Strong. Overland ferred attract- o by run up to 7 even while the g st was most ettled. Atten to reports ning to do s Ing off the 1 lated dividend the thing ent acer the preferred er on The security tled again tod: went lower. Ci markets were unset- oreign exchanges ern naturally felt over the illness of the chief exec- utive, but it could not be said that this had a leading influence in the operations of the day ctically sp &, thera in the over-Sunday news to e the viewpoint on the financial ok in general r outbreak borne out, st that the 1 effective k was »thi h were ere wers no &0 ment had ures to meet tie B Marks Go Lower. nother vio- as the d wages ranged to any fluctua- ey pr now o itsel exchange was the pound and was down cents from its recent high. The drop .n French and Italian currencies wi . The Studebaker report for the sec- ond quarter, due tomorrow, is expect- ~d to show earnings slightly under 10 per cent on the common stock. as dagainst § per cent in the first three months. The feeling around the €treet today regardin was that only the regu distributior off nearly 21: per would he attracted interest said to be run- 14 a share. The ncement that the quar- 1d of the Pure Oil Com- 1 reduced from 50 cents did not surprise the cv of conservative pa view of the current operat- litions is responsible for the T NEW YORK STOCK EXCHANGE Adv Rumiey. Ajax Rubber. Am Agr Chem. . Am Ag Chmpf.. Am Bank Nate.. Am Beet Sugar. Am Bosch Am Br Sho Am Can.. Am Can pf. Am Car & Fdy.. AmCar& Fpf.. Am Cotton Ol.. Am Cot Oil pt Am Express. ... AmH & Lea pt. Am Linseed Am Locomotive Am Loco pf Am Metal Am Radiator. .. Am Roll Mill p Am Safe Razor. Am Ship & Com. Am Smelting. Am Steel Fdy Am Sugar. | Am Sumatr. |Am T & Cable. {Am Tel & Teleg. | Am Tobaceo. ... Am Tobac (B).. Am Water Wks. ‘Am Woolen. . ‘Am Woolen pf.. Am Writ Prpt.. Am Zinc & Lead. Anaconda. g Arnold Constab. Asso D Goods | Assoclated Oi Atchison. Atlantic Gulf | Atl Gult pt. Atlantic Ref . Austin Nichol. Auto Sales pf. Baldwin Loco Balto & Ohlo. .. *Bank of Com. s | Barnesdall (A). Beechnut Pack. Beth Steel. { Booth Fish. Bklyn Edison. .. Bklyn Rap Tran Bklyn R war 2d. Brown Shoe. ... Burns Bros (B). Butte Copper. .. Butte & Super. Butterick. .. Caddo O1l. . Calif Petrol Calit Petrol pf. Callahan Zinc. .. Calumet & Ariz. Calumet & Hecla Canadian Pac. Central Leath. Cent Leath pf. Cerro de Pasco { Chandler Mot { Chesap & Ol |Ches& O ptwi ChiMII&StP... Chi Mil &St P pt. Chi & Northwn. Chi Pneu Tool. . ChiRI& Pac... Chi R1&P6% pf. Chile Copper. Chino Copper Cluett Peabody. Coca-Cola. Colo Fuel Columbia Gas. . Columbn Carbon Columbin Geaph Col Graph pf. . Comp Tabulat.. {Cons Cigar. ... | Cons Gas of NY. i Cons Textile. | Cont Can. iCont Insurance " | Continental Mot Corn Product: Cosden & Co. Crucible Steel. Cuban-Am Sug. Cuba Cane Sug.. | Cuba Cane S pf.. | Cuban Dom'can. Cuyamel Fruit.. i Davidson Chem. DeBeers....... Del & Hudson. .. {D Lack & West. ! Detroit Edison. Dome Mines. - | Dupont (E1). y itional refining plants has been a buyer of outside gasoline to fill its contracts Sugar and Cotton Weuk. New lows for the year were made in cotton options and raw sugar was offered at 5 cents a pound. But these declines were of less importance than the latest commodity price index in general. which showed that for the first time since April there has been an advance in the average during the last week. This fits in well with the testimony from steel and other indus- tries that new orders are beginning to pick up The effort of the better buying at the low prices of the forenoon com- menced o show more In the ma of the last hour. R MAREKET CLOSES FIRM. Prices Rally 1 to 4 Points in Late Trading. <. July 30.—Stock prices rd in'the closing peric ¥'s stock market after an early interval of heaviness. New low Tecords were establisned b num- 1 sh tates Steel, i t Northern preferred before flicient buying came into the mar- t to check the reactionary trend, pproximated 00,000 shares. losing was firm. Prices ral- lied sharply in the late dealings. th. Pan-American issues, Baldwin, Stu- debaker. Am n Can and other ac- tive industri elling 1 to 4 points above Saturday's closing prices. NEW BOND OFFERINGS CONTINUE LIMITED No Bids Were Made on One Issue Brought Out Last Week. By the Assoeiated Press EW YORK, July 30.—New bond offerings continued at a low figure, last week's issues totaling only $13,- 046.000, compared with $10,673,000 the previous week. In at least one in- stance no blds were made on an of- fering of municipal bonds, invest- ment bankers asserting it was impos- sible to handle such issues at par or better, with a coupon rate of only 415 per_cent. Chief offerings last week included 84,020,000, one to fifteen yvear 5 per cent equipment bonds of the Hocking Valley Railway Company at prices to yield 5.45 per cent; $2.000.000 one to iwenty vears 41 per cent forest bonds of Cook county. Ill. 4t prices to yield 4.25.50 per cent; $1,490,000 one to elev- €n year 4% per cent funding bonds of Waterbury, Conn. at prices to vield 4.35.40 per cent, and $1,617.000 one to Thirty-five year 4% per cent gold bonds of Atlantic City, N. J., at prices 10 yield 4.50.60 percent. An issue of $2,010,000 six to fifteen year 51% per cent Wabash railway €quipment certificates was sold pri- Yvately subject to the approyal of the saterstate Commerce Commission. | Eastman Kodak lec Stor Bat. .. Endicott-John. | Erie ? Erie 1st pf. Erie 2d pf. Famous Players Famous Play pf. Flidelity ¥ In Fifith Ave Bus. . Fisher B of O pt Fisk Rubber. Fleishman. Foundation Co Freeport Tex: Gen Am Tk Car. iGsn Asphalt.... {Gen Asphalt pf Gen Cigar. . Gen Electric. Gen Elec spl. Gen Motors pt. . Gen Motors. ... Gen Mot 6% deb. Gen Mot 7% deb | Gimbel Brcs. ... {Goldwin (new). | Goodrich. ... Goodyear pf. Gt Northern pf. { Great Nor Ore. | Greene-Canan. . Gulf St Steel. | Hayes Wheel Hendee Mfg. Househ'd Pro | Houston Oil Hydraulic 8tl Illinois Central. Ind Oil & Gas... Indiahoma. . *Ingersoll-Rand Inland Steel. Inspiration. In Ag Chem! Int Cement. In Combust Int Harvester. Int M Marine pf. Int Nickel Intl Paper Invincible Ol Jowa Central. .. Iron Products. Jewel Tea. Jones Tea...... { Kansas & Gulf. . Kansas City S.. Kansas C So pt. Kelly-Spr Tir Kelsey Wheel.. Kenneocott. . Keystone Tir Kresge (S8). Lehigh Valley. . Lig & My Lima Locomo. Louis & Nash Mack Trucks. .. Mack Trucks 1st Mack Truck 2 Mackay Cos pf. . Mallinson & Co. Manhat El Sup. . Manhattan Elev Man Elinv guar Manhat Shirt. .. Fd Mines&S pt. . . 101 Low. Close. 10 10 |Market St 6! 6% | Marland Oil. ... % | Mathison Alkill. 65 | Martin-Parry... 89% ) Maxwell (A). 11% | Maxwell (B). 29 | May Dp B Mo Kan & Tex.. % | Mo K & Tex pf.. . | Mo Pacific.. S1% | Mo Pacific pf. 5% | Montana Power. Montg'y Ward. . Moon Motors. 18% | Mother Lode Mulline Rodv. j 120 | Nat Biscuit..... 42 | Natl Cloak & 8., 78% | Natl Dept Stores 96% | Natl Enamel. ... 5% | Natl Leaq. 12% | Natl Ry of M 544 | Nevada Copper. 33w | N Y Alr Brake. . 6034 | N ¥ Central 18% | NYC&StL pf(n). 51% | N Y Dock pt.... 122 | NYNH&Hartfd. 142% | NY O & Westrn. 140% | Norf & Western. 34 | North Amer 83% | North Pacific 101% | Nunnally Co. 12%| oklahoma Prod. 30% Onyx Hoslery. .. 14 | Orpheum Circult 76y | Ot!s Elevator. .. 105 | Otis Steel. 96 | Owens Bottle 883 | Pacific Develop. 1 1% | Pac Gas & Elec. 110% | Pacific Oil. . 1134 | Pac Tel & Tel. 10% | Packard Motor. 101 | Packard Mot pf. 19 | Pan-Am Pete. .. 12% | Pan-Am P (B).. 115 |Purrish & Bing. Pennsylvania. .. 47% 288 12 Penn Seabd Stl. People's Gas. ... Pere Marquette Pere Marg pf. Philadelphia Co Presged Stl Car. Pressed St Cpt.. Pub Serv 8% pf. Pullman Co Railway Stl Sp. Rapid Tran Sec. Rap Tran Sec pf Ray Con Copper Reading. .. Reading 2d pf. . Replogle Steel. . Rep Ir & Stee! 4 Reynolds Spr. 9% | Rey Tobac (B). 17% | Royal Duteh. 29% | 5t Joseph Lead.. 83 |StL&SanFran 79% | St L&San Fr pf. 22% | St L Southwn €84 | St L, South pt. Savage Arms Schu! Store Seaboard Air Simmons. Stnclair Of1 Sinclair pf. 8% | skelly O11 6% | Sloss-Sheffiel, So Porto Sugar. 7 A South Pacific. .. 1% | Southern Rwy. . % | Southern Ry pf. 80% | Spicer Mtg Co. . 25% | st ot of Calit. .. 104 | Stand Ol of N J. 39% (St Oil of NJ pt Sterling Prod. .. 58% | Stewart-Warnes 29% | Strombg Carb. . 22% | Studebaker 1 105% | Submart 1123 | Superior Steel. . 102% | Sweets Coof A.. 35 | Tenn Copper. .. Texas Company. 106% | Tex Guit Sulph. B4lg | Texas & Pacific. 66 |Tex& PC&Oil. 11% | Timken Bearing 18 | Tobacco Prod 12% | Tobacco Prod 718 | Trans Cont Ol 89 | Underw'd (new). 364 | Union Pacific. 107% T% 98% United Fruit. United Ry Inv.. Usd Ry Inv pt. Utd Retall Str: U SCast I Pipe.. UBSCastIrPpt. U 8 Food Prod. . Rub 1st pf.. Smelt&Ret. Utah Copper. .. Open. H prior. 68 il.... 30% Received by Private Wire Direct to The Star Office Utah Securities., 15 Vanadium Corp. h ‘Waldorf (new) . Wells-Fr Exp. .. West Elec pf. .. Western Md. ... Western Md. 2d. ‘West Pacific. ... Western Unfon. ‘West Air Brke. . Westhse EI&M. Wheeling&L E. ‘Wheel & LE pf.. ‘White Eag Ol.. ys-Overld. . Willys-Overl pf. Woolworth. ‘Worthingto: ‘Wright Aero. .. *0dd lot. Call Money.... 26% 17% 84 26 17% 36% 113% 9! 70 230% 26 26 10 66% 230 1gh. Low. Closs. 5% 66 65 14 | action in the next Congress. 93% 58% 56% ) 43% 2% 87% 4l 61 2% 57 il 69 2804 28 HOURLY SALES OF STOCKS. 235 400 526 500 TREASURY (Quotations furnished by «~ B L3 . 214 214% 58% 59% pf. 118 % 60% 1 12m Zp.m. TIFICATES. 410 600 618 600 Hedmond & Co.) ~——Noon, Bld. 99 31:32 100 1201518 . 100116 .. 101316 —— Offer. 100132 100 1-18 100 132 100 5.3; BID PRICES ON WHEAT. PORTLAND, Ore., July 30 (Spe- clal).—The bid price for new hard wheat s 1.03 per closely corresponds to pric ‘bushel, 250,000 bushels of new crop Walla Walla district at 83-cent side track or country elevator, couver is bidding $1 & ton below the Seattle market 204 21% 9. 8K 8% gloo prairfe for northern. ~ Estimates of the cro) provinces run fy 2000 to 400,000,000 bushels. Canadian which paid for in the dark rom 350, WEAKNESS SHOWN IN BOND TRADING Part of Day’s Losses Are Blamed on Declines in Stock Market. BY GEORGE T. HUGHES. Special Dispateh to The Btar. HE EVENING STAR, WASHINGTON, D. C., MONDAY, JULY 30, 1923. 0 'ON NEW YORK BONDS STOCK Excmcnl Received by Privats *¥ire (Sales are in §1,000.) UNITED STATES BONDS, actions TEprpent thirty-seconds. P! 101-1 means 1011-32. fales. High. Low. Close. . 100 100-8 100-2 -100-2 2 982 98-2 . 86 98-9 537 98-9 241 98-26 020 98-9 50 99-23 FOREIGN. Bales. Hi ¢ " Lib3ys... Lib 24 98-4 99-20 99-21 NEW YORK, July 30.—Today's bond | 5 market was weak and sentiment wa pessimistic. Probably much of the doubt could be attributed to declin- ing prices for stocks. Traders, how- ever, had various otheér reasons to offer including, concern over the po- |C: litical situation. There was much talk about the unrest in the agri- cultural midwest and possible radical Empha- #is was algo lald on every incident that tended toward business reaction. There was no news from abroad of an encouraging nature to counteract this propaganda. Whole “List Lower. The result was lower prices all along the line. About the only ex- ceptioins were In the case of high- grade bonds such Atchison gen- eral 4s, U. 8. Steel sinking fund 5s and American Telephone and Tele- graph collateral trust Gs. Isolated cases of advances in other issues were explained either as the oper- ation of sinking funds or the résuit of short covering. Perhaps the most encouraging feature was the com- parative inactivity. There seemed to be no speclal pressure to sell. In the foreign group the feature was the drop in the néw Austrian 7% below the offering price of $0. Up to Saturday these bonds had sold at & premium over the offering price ever since they were listed. Today they sold below it, 4 points down from the ! {high. Other forélgn bonds were low- fer, including French $x and French 8. French Cities issues were rela- tively the weakest. The Jugoslav 8: {sold” below the lowest price this | month. Czechoslovak & were down @& point and Bolivian 8s were frac- tionally lower. There was very little change in United States government loans. Atchison general 4s sold higher than in & week: Baltimore and Ohlo, Pit burgh, Lake Erle and Western 48 were firm_ There was a small run- up in Union Bag and Paper way heavy trading in Hu Manhattan incomes without change In price. Rapid Transit_se- curities 6s were 1ower. The Cuba Cane Sugar bonds sold off sharply. In the afternoon acute weakness developed in the St. Paul list, large selling orders coming in the converti- Dble 5s and the convertible 4%4s. There was nothing new to account for the selling. L&.CCRNTSEUT N FREGHT RATES Southern Pacific May Reduce Charges 14 Per Cent on Rail-Boat Shipments. | A quanned PermissION to reduce | freight rates from New York city to !the southern Pacific coast section by | about 14 per cent on shipments routed via boat to Texas ports, and thence by rafl over the Sunset-Gulf route, was given the Southern Pacific rail- road system today by the Interstate Commerce Commission. Though the commission held that new schedules filed by the Southern Pacific in 1922, providing reductions on 206 commodities, were in part un- lawtul, the carrier was authorized to revise the schedules and put the re- ductions into effect on September 1 {November. upon the protest of conti- nental raiiroads and of producers and The rates have been suspended since { shippers in the middle west. |"The Southern Pacific sought the re- | | ductions in order to meet the grow- | ing competition of the Panama canal | water route in _intercoastal traffic. | Shippers and producers from the | ! middle west complained that the rc- ductions would give thelr competi- tors on the east coast an advantage in trade, and the other transcontinental raflroads protested that ths Southern Pacific reductions might force them to make simiiar cuts, which would reduce earnings on transcontinental business unjulllflabl?’. The commission heid that while the possibility of reductions in the trans- continental rates of other railroads was entailed, the fouthern Pacific's situation would allow it to earn a fair retura on the co>mbined ship and raflroad service. ilroads will draw, the commission said, “a cer- tain amount of tonnage eveén in the face of canal competition.” Like- wise, it was said, the Houthern Ia- cific’s reductions might serve to draw back to the rails considerable amount of trafic which hitherto has been moving by the all-sea route. | "Practically_all of the commodities which, normally move from the At- lantic’ coast to the P'scific coast ure affected by the reductions authorized, which will average 30 cents per bun- dred pounds. 1. C. C. POLICY ON NEW COAL LINES QUESTIONED Another Railroad Takes Issue| With Ruling on Building | Roads to Coal Fields. A further question as to its’ policy fof refusing railroads authority to con- struct lines into new coal flelds was put before the Interstate Commerce Commission today by the Missouri- Kansas-Texas railroad, in the form of & proposal to purchase the Okmul- gee Northern raflroad, in Oklahoma. The Okmulgee vecently asked the commission for permission to build a new line into the Henryetta coal fields in Oklahoma, with the object of serving new mines which will then be opened. The Missouri-Kansas-Texas Company, in its application today, de- clared that acquisition of the Okmul- gee line was desired in order that a new competitive source for the supply of its own fuel might be attained. It is proposed to complete the transaction by transferring owner- ship of $242,000 in common stock of the Okmulgee company to the Mis- souri-Kansaa-Texas. —_— TRAFFIC FIGURES JUMP. ST. LOUIS, July 30 (Specfal).—In- dication of the prosperity of business industry here is found in the report of the United Railways. n increase of 1.875,697 passengers were i Empire F&G 7 Canada 691926, ... 15 1 Cansdab%u1929.. 1 nada 68 1931.... 7T 1 wi. Czéchoslovakia Denmark 8 89% 28Y% French Govt 7%, Japanese 1st 4343.. Japanese 24 4%s. . Japanese 4s. 93% 92 rlands 6s Norway 6; . Orient Dev deb 6s. Prague 7%s.... Queensland 7 Queensiand 6s..... 3 Rio de Jan 85 1946. 16 Rio de Jan 85 1947. 6 8uo Paulo,City,s Sao PauloState,ss Seine, Dept of, Serbs Crotes Solssons 6s Sweden 6s. Swiss Confe: s i Ud Kingm 5%s'29. 86 Ud Kingm 6345 '37. Ud Steam Copen 68 8 Uruguay 8s 1023 MISCELLANEOUS. Ajax Rubber 85 5 934 93 Am Agr Chem 7%s 17 0 Am Chainsf6s'33. 7 Am SmIt&R 1st 55. 17 Am Smit&R 6s Am Sugar Ref 6s. . AmT& Ty 6s. AmT&Teltrs Anaconda cv db Anaconda 1st és. .. Armour & Co 4448 Atlantic Refin 5s. . Bell Tel Pa 5s rcts. Beth Steal 615 '63. Beth Steel s f 68 Brier H St ; Bklyn Edison 78 D. Bklyn Ed gen bs. . Central Leather 53 Cerro de Pasco 8s.. Chile Copper 6s. . Cuban-Am Fug 8s. Cuba Cane cv d 8s. Det Edison ref s6. . Du Pont de N 734s. Duquesne Light 6s. E Cuba Sug 7%s 3 Fisk Rubber 85 Gen Elec deb 5 Goodrich 6% A Goodyear 85 1931 Goodyear 8s 1941 . Humble O&R 63s. Illinois Bell 1st 8s. Int Mer Marine 6s. Int Paper lat 58 B. KCP&LtbsA's: Kayser (J) 7s.. Kelly-Spring 8 Liggett & Myr Liggett & Myrs Magma Cop cv 7 Manati Sug sf 71 Marland Oil 8s ‘31, Mexican Petrol 8s. Montana Power 5s. Morris&Co 1st 4348 New Eng Tel 8s. .. N Y Edsn 1st 63%s. YG EL H&D 58 YG EL H&P 48 N Y Tel 65°41. N Y Tel 6549, NY Tel dts. N Am Edison N States Pow Northwst B Te Pacific Gas & E1 5s. PacT&T63'52... Phila Co ref Pierce-Arrow Producers & Ri Public Service Punta Alegre Cost ResRog e SO D N N 000 00 57 O 01 D e TS S I 1 10 €1 GO e O ¥5 5 97% 109% N N ) 8in Crude Ofl 5%s. S1i1Pipe” 'nebs... South Bell Tel 5s. . So Por Rico Sug. St O1l of Colif 7s. Steel & Tube 7 aRanmnmbned » S Unit Drug cv 8s. USRub 1strf6s. . U S Rubber 7348 USSteelatbs.... Utah Pow & Lt bs. . Vertlentes Sugar 7: \ -CarChem77s... Vi-CarC T%Hsw. West Union 61;5. . Wickwirk Spen 7s. 1fison & Co 18t 6s. Wilson&C cv 7%s Wilson & Co cv 6s. 874 87% 87% ‘Winchester A 7% 1035 103% 1035 Youngstn 8& Tés.. 28 99 99 99 —_— SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) 88 97% 80y epliosnatannnnw Aluminym Co. of Amer. 925. 108! Alumigum Co. of Amer. 7s 1883 100 pper Anglo-American Ol Rell Tel. of Can.. Canadian Nor. t4s Central Argenfine Kw, " jo2iy foois 981 8 . & 8t. L. 929. ... © R. 1. & Pac. .':';',l 1926. . Chicago Tel, 5s 1923 P DuPont Tlas L. 108 Federal Sugar Goodyear Great Nor. Hock| 1931 . Ref. 6 & R8s s 1836, ey 68 1934, o8 1082, Kansas City Term. 6o 1923 Kennecott Copper 7s 1830. Libby 7s 193 &8 8. M 6144 1081 1081, Y98 1930. . . R. R. 7s 1030. « 107 St. P. Unlen Depot 5igs i923. Sears. Roebuck & Co. s 1928 carried in the three months ending | Swift June 30 over the previous quarter and 1.993.360 more fares were col- lected’ than for tha correspunding quarter of 1922. NEW YORK EGG PRICES. NEW YORK, July 30.—Eggs firm- Receipts,” 21,193 cases; fresh d, extra firsts, 28a30; do. fi; ected extras, 43a45; nearby nmnorx whites, locally selected ex- tras, 42243; nearby hennery browns, 4238; Pacific coast whites, extras, 37%a39: Pacl firsts to extra fi A8 | creamery 3 Western Union Westinghouse E. BUTTER IS HIGHER. CHICAGO, July 30.—Butter, higher; extras, 40%; standards, extra firsts, 38a39; firsts, 36a conds, 35835%. &&é, higher; receipts, 22,294 cases; firsts, 24%; ordinary firsts, 22%a23; storage packed extras, 26a26%4; stor- age packed lirsts, 25ad % | Sou Pacific clt 4s. . Direct to The Star Office. AT R . Low. cloms. 1 67 57 b7 89 |close of last week. Supplies of food- 80 87 96 1T% 100% | ported. 80! 83% % 94% | from Coan river. 64% | ginia stock were about the same as 112% 112% 9% 112% 96% 88% 864 83% 28 Chi Great Weat 4s. C M & Puget 8d 4s. ChiM&S P rf 4% Chi M&St P ov Chi M&Bt P 48 2| Chi M&S P cv 4343, C' M&StP és'24.. CM&StPgnéis. Chi&NW . Chi Rys bs. ChIRT& Pacrf ds ChiUn Sta 6%s. ... Chi & W Ind cn 4s. {cCCastLrtosa.. Cleve Term 514, Colo & Sou 4% CubaRR 7% 60 1% 89 101% 1024 % |C:5aRR s Del & Hd 1st rf 4s.. 1 Del & Hudson bs. Den & Rio G cn 4s. D& Rio G imp 6s. . D&RGlstrt Erieconvi4sA. Erie conv4sD. Gr North gen 7 Gr North gen 5% Havana ERL&P b8 Hud & Man ref6s. . {Hud & Man aj6s. .. 111 Cent ref 53 '65 Tl Central 6348 Iat Rap Tran Int & G Nor 1, Towa Cent rf 4s Towa Cent 1st 6 Kan City Ft S 4s Kansas City S 3s s City S 8s Kan City Term 4, Lake Shore 4s'31. . Leéhigh Valley 6s Louls & Nash 7s. ., Louls & Nash 5155, | Manhat Ry cn 48 Market Sten Bs. M E tL1strf 4s. . & SSM 613s. 1 P & & & & & Pacific gn 4 Montrl Tm 1st &8 NOTex &M in 5 N Y Cent deb NYCentribs New Haven 7s. NY W & Bos 414 | Notfolk & W v {Northern Pac 3s | Northern Pac 4s. . {Northn Pacr i 6s. . | Nortnern Pac 55 Ore & Calif Ist 5s. . Ore Short L ref 4s. {Ore-Wash 1st rf 48 Pennsyl gen bs. ... Pennsyl gen 43;5. . Pennsyl 6%s Pennsyl gold 7 . Pere Marq 1st bs. Pere Mrq 1st 4s ' Rapid Tran 6s wi. Reading gen 4 . Rio G West cl 4s. RIArk&L4Y%s... StLIM&S4s 29, StL&SFpl4sA.. StL&SF prinbs. StL&SFincés {stL&s 2 |StL&SFplésC.. |StLS W 1st 48 San A& Arn P4 Seab'd A Lref {Seab'd A Ladj Seab'd A L con 6; Sou Pacificcvds... § Sou Pacific ref 4s..137 1 Southern Ry 1st §s. 50 Southern Ry gn 4s. 14 Southern Ry 61s.. Third Averef ds... 12 Third Ave adj Tol StL& W 3% Union Pac 1st 4s. v | Union Pac 1st rf 4s Union Pac cv 4 Union Pac ov 2 Virginia Ry 1st bs. Western Md 4s.. .. WheV&LE rf 435, ‘Wisconsin Cent 4s. TOTAL SALES (Par Value): 1lam.. 2838000 12 noon 8 645000 1pm.. 4724000 2p.m.. 8575000 —— | WORKMEN LAY 2,200 BRICKS APIECE IN DAY/ Special Dispatch to The Star. PHILADELPHIA, July 30.—In an effort to complete a new home for a { favored customer by September, local | contractors recently offered a bonus to the bricklavers for all bricks laid over 800 a day, which had been their average. Without overtime, these workmen now are averaging 2,200 bricks apiece a day. MORE TEXTILE MILLS CURTAIL PRODUCTION Special Dispateh to The Star. BOSTON, July 30.—To the long list of cotton mill curtailments has been added the Ashton mill and the Lons- dale mill of Providence, R. I, closing for three weeks. Today the Hope and the Berkeley mills close for two weeks. Sales of print cloths during the last week were the smallest this {yeur. Unless the marke: improves | when the new cottoa begins 1o come |in, it is feared tha: some of thuse temporary closings will ba extended. LIVERPOOL COTTON. LIVERPOOL, July 30.—Cotton—Spot quiet; prices easier. Good middling, 13.68; fully middling, 13.58; middling. 13.43; low middling, 13.18; good, ordi- nary, 12.68; ordinary, 12.38. 'Sales, 4,000 bales, including 2,800 American. Receipts, 1,000 bales, inoluding 500 American. ' Futures closed barely steady. July, 13.36; October, 11.87; December, 11.65; January, 11 March, 11.57; May, 11.51 $400,000 IN BONUSES. NEW YORK, July 30.—Distriby- tion of $400,000 in bonus money to the 6,000 employes of the Alexander Smith and Sons carpet mills at Yon- kers will take place next Wednesduy, it was announced Saturday. The bonus System was inauguratéd by Alexandér Smith Cochfan, president of the company, in 1911. —_— In Belgium medicines for external use must be put up in yellow-brown ‘octagon-shape bottles, with special red lables. 112% | tance 79% | were 88 | Tuesdays. 99% | turkay: 7 l)l ., 25, 68% | Dressed poultry—Fresh killed spring 624 | chickens, per Ib., 40ad5; winter chick- i | | | FINANCIAL. f Grain, Produ¢e and, Live Stock LOCAL WHOLESALE MARKET. Early morning Ruotatfons today were practically the same as at the stuffs of all kinds see:n to be plenti- ful, more than ample to meet de- mands, but with few excepticns, it 18 stated, cheap prices were not re- Watermelons and canteloupes from the south and west are plentiful and farrly reasonabie, dcalers suy. while a few cantaloupes ars being received Priccs of the Vir- for cantaloupes from a greater dis- Butter, eggs and_poultry recei not large. T seldom the opering day of the week, hea shipments usually being 1eceived Egge—srictly fresh, elected, candied, per dozen, 27a28; average récéipts, 25: southern 34. Live poultry—Roosters, per Ib., 14; 25; spring chickens. youns, each, 40; ens, per b, 36; hens, per 1b.. 30; roostérs, per ib., 18a20; turkeys, per lb., 36a40; keats, young, each, 60. Live stock—Calvés, choice, per Ib., 934a10; medium, pér Ib., 9; thin, per b., Lambs, spring, per 1b.. 13; 3.00a5.00 éach; live hogs, per 1b, 815, Green fruits—Apples, new, per bas- ket, 50a2.50. California oranges, per 5.006.5 Florida, 3.006.00. ox, 6.006.50.” Grapefruit, . Blackberries, per qt., 0. Peaches, 1.00a3.25. Cantaloupes, sta ard, 2.00s4.50; pony, 1.76a3.25; flats, 1.50, Vegetablas—New potatoes, No. 1, 5.00a 2, 125 per bbl., 0. New barrel. per crate, 1.00a2.00. 1.00a2.25 per barre . per crate, 2.00a3.50. Toma bushel = basket, nearby ., Beans, 2.00a3.50 per bb) 2.00a3.00 per basket. Peppers, crate, North Carolina, 1.00a1.50 per’ bbl, 75al.50. Spinach, per bbl., "2.50a4.00. ' Celery, per crate,’ New York, 6.00a10.00. Squash, 25a50. North Carolina lima beans, ' 2.50a3.50 per basket; home-grown lima beans, 50875 Dper qt GRAIN AND PROVISIONS. BALTIMORE, Md. July 30 (Spe- clal).—Potatoes, new, barrel, 1.50a- 6.00; bushel, 75al1.73: 100 pounds, 1.50a3.00; sweets, barrel, 3.50a8.00: ms, barrel, 5.00a6.00. Beans, bushel, 76a1.25. Lima beans, bushei, 2.50a- 3.00. Beets, 100, 4.0086.00. Cabbage, 100, 6.00812.00. Carrots, 109, 4.00a8.00. Celery, dozen, 50a1.00. Corn, dozen, 10230, Cucumbers, basket, 40a50. Eggplants, basket, 1.50. Lettuce, bushel, 25a75. Onions, hushel, 75a 1.50. Peas, bushel, 2.00a2.25. Peppers, basket, 60a75. Squash, basket, 23a- Tomatoes, basket, 50a1.00; green, barrel, 1.50a3.00; bushel, et, 20a50. Blackberries, Cantaloupes basket, Cherries, 35a Apples, 50a1.25; by quart, 5a25. 50a1.25; _crate, basket, 50a60. Currants, 5. Huckleberries, Peaches, basket, 50a7 275, Plums, basket, melons, each, 20a60. Settling Prices on Grain. 2, red winter, spot red winter, garlick . red winter, gai v. spot.’ 97%: No. 4, red winter, garlicky, spot, 95%. Sales—Bag lots of nearby sold at @ range of 80 to 95 per bushel. Car- 80és on grade, No. 2, red winter, gar- licky, at 1 . 3, 97; o, 4, Corn—Col v, 5. contraat, spot, no quotat eorn, no quotations; low: No. 2 or better, bushel Sales—None. Oat: -White, No. 2, white, 5015a51 per bushel. Rye—Nearby, 75a85 per bushel; No. ! 2 western export. i3i; No. 2 rye, '3 per bushel Hay—Receipts, 58 tons. The hay market ruled steady to firm at & range of 20.00 to 24.00 for old and 15.00 1o 22.00 for new, with old hay being given the preference even at the high, Straw- 0. 1 ngled 16.00; N 1 wheat, 12.50a: 0at, normal, 14.00a15.00. per barrel; fons: No. % 2; rye. 15.00a 13.00; No. 1 DAIRY PRODUCTS. BALTIMORE, Md, July 30 (Spe- ¢clal).—Live poultry—Spring chickens, 1 a35; Leghorns, 23a2%; old hens, Leghorns. 18a20; old roosters. 14a15; ducks, 15a24; pigeons, pair, 25 Eggs—Loss off. native and nearby firsts, doz., 24; southern, 23. | perhape [the recent past | Banking LOCAL EXCHANGE TRADING IS VARIED Prices Unchanged or Slightly - Lower—Many Bankers Are Taking Vacations. Well varied trading, with practicaily restricted to a transaction in each issue, at p unchanged to slightly lower, was ths tone of the market on the Washing ton Stock Exchange today. Capital Traction was slightly easier at par, thirty-five shares sellir this figurs. This weak, with 99% bid. On the hand, Washington Rallway and Ele tric preferred was unchanged at 7 Afty shares changing hands closed slightly stronger with 7 and 723 asked Raflway common again broke the sales column with three security are 65, and Lanston was weak at 74 which figure one hands. Riggs Bank stock the extent of five shares at 634 the rights of this institution vanced to 85 bid. Cor tional Bank brought 142 But one sale was recorded on ths bond side of the market, $1.000 Raii Way 4 per cent issue sciling at 71 Good Fall Trade Predicted. Speaking of the buslness situat in the United States, the Mech Metals' National Bank of in its August legter to tomers. says in part: “Activity continues to he an standing feature of trade th the country. but lately this activity has assumed a more restrained pace There is now under way an adjust ment to some « buying cons out roughout an_ people “Though it is still to be determir how far the recession gonal. and how far it to fundamental changes ditions which govern s caused spread alarm concerning diate future. With domest tions for the most part essent sound, with production well m tafned in most lines, with no sig: of any considerable mployment 1 wage recessions. w commodiry speculation restrained, with no awk, ward accumulation of goods and with the requiremerts to be filled of more than 100,000,000 of the most favored people on the globe, the hugine: prospect for the balance of the r continues to be regarded as ¢ hopeful.” Business Quiet in Capital. Washington's king and nancial bus iIs exp the dullest time in hist The exodus of leaders in these has been particularly heavs per absentees fror ¥ at the present time is unusually large. “The situation is the m of my recollection,” said « banker this morning in di condition Return From Convention. The rear guard of the local dele gation attending the recent conven tion of the American Instit ' answered the roll call their “respective institutions this morning. This group enjoved a posts convention tour through (a the completic rzes at Cleveland Edward J McQuadr the number ba st tranquil and Mre cluded in Perxonal Richard W the local office of Company, will start on cation the latter part W. A. Bennett, vice the Bank of Commerce and s is touring the west —_— Washington Stock Exchange. EALES. Capital Traction Compans Washington Rwr. & Liec ashington Rwy. & Flec Mention. 5 r creamery, 30a32; 30a32. TODAY'S CH CHICAGO, Ji ceipts here, 5 an upward tend 35a38; ladles, 34a35; rolls store packed. 30; dairy prints. "AGO PRICES. 30 —Despite big re. | cars wheat showad | ency in price today | during the early dealings. An unex. | pected advance in quotations at Liv. | erpool was largely responsible and it was also said that much of the new | 3 delivered in Chicago had already been hedged. Besides reports weré at hand that the late wheat in Canada would be badly damaged by_rust and blight The opening, which varied from unchanged figures to 13c higher, with September, 96a96%, and Decem- ber, 99%a100%, was followed by a moderate general advance and then something of a reaction. The opening, which varied from un- Corn was firm with wheat. After opening 3 off to ¥c higher, Sep- témber, T7%4aTi%. the corn market sagged a little and then recovered to slightly above the initial range. Oats lacked support. Prices started at %c decline to a shade advance, September, 31% to 34%, and later the market continued easy, July in par- ticular, Decline in the value of hogs weak- ened the provisions market. High. Low. Close. e o Chew 97 T onl 1,004 roots 88 i i 10.50 10.50 7.05 7.90 10.40 1050 786 10. 10,50 8.00 11050 8.00 CHICAGO LIVE STOCK MARKET. CHICAGO, July 30.—(United States Department of Agriculture) —Hogs— Feceipts. 81,000 head: good kind fair- 1y active, 15 to 25 lower; mostly 25 off; little doing on others: bulk, 180 to 250 pound averages, 7.40a7.60; prac- 60: bulk 260 to 325 pound 10a7.35; packing 86a6.10; strong-w light ligh! smooth, 5.50: ‘attle—Receipts, 20,000 head; better grades, mostly killing classe paratively scarce, fairly active; strong; spots higher; lower grades uneven; tendency weak to lower on plainer grades, she stock and can-| ners and_cutters: early top matured | steers, 11.50; gome bid more; best long vearlings, 7.35; bulk beef steers and yearlings of quality and condi- tion to sell at 8.50a10.75; run includes twenty-three loads western grassers; quality considered, bulls strong: veal- ers 50 lower; stockers and feeders slow about steady; bulk desirable veal calves to packers, early, 9.75a 10.00; few upward to 11.00 to out- sider: bu! stockers and feeders. 5.00a6.00; bulk desirable bologna | bulls around 5.0 5.25 Sheep—Raeceipt: tew early sales; fat lambs look weak 26 lower; others and sheep gen- erally steady; early top _western| lambs to city butchers, 12.75; bulk natives, 11.75 to 12.25; culls mostly 8.00a8.50; one losd 'Missouri fed wethers, 8.25; odd lots light-weight eyes to killers, 7.00. —_— A Minneapolis man boasts that he has been wearing the same straw hat almost !ln'p'-lummeu. at 72 Commercial National Bank Riggs National Rank Lauaton Monotype—1 at 74 AFTER CALL Money—Call loans, 3 and 8 per cent + BONDS. Bid and Asked Prices. PUBLIC UTILITY. Bid. Asked, American Te! American Tel Am. Tel & Tal & Telga. 45 & Telga. 4148 ctl, tr. Ss. 1 Capital Traction It ty and Suburban 5 Georgetown Gas 1st 35 Metropolitan R. R tomac Electric Elec. 3 s wy. & Elec. g. m. 6s... MISCELLANEOUS, D, C. Paper Mfg. 6s (long Fity Stor, & Safe Dep ok Arkt, Cola Storage 5s ‘Wardman Park Hotel s, STOCKS. PUBLIC UTILITY. Amer. Tel & Telga... Capital Traction ... Washington Gas Norfolk & Wash Rwy. & Capital Columbia .- Commercial Dastrict -2 Z Farmers and Mechanics® . Federsl-American p Natiopal Riggs - Riggs rights w. Sedona’ National Natoual Lauk of Washingto TRUST COMPA; Merchant { Natiouul avings and Trust jon ‘A rust SRR iy Washington Lean and ‘Trust. . 335 SAVINGS BANK STOCKS, Commerce and Saving: Last Washiugton Suv curity Buv > Bt. ashington Mechani FIRE 1) erican Fire Insuran Sorcoran Fire Iusurance Firemen's Fire lnsurau : National Union Fire lusurance. 8 TITLE INSUKANCE STOChS, Title Insurance. . Columb Sl Estate Title Tosurance Real Columb Columb Mergenthaler Linotype Ol buteh Market com utely Market pid. Security storage Washington Marke Yellow Cab . . \("L‘x dividend. ——— With _an average output of more than 550,000,000 tons a year, the United States is by far the largest roducer of coal in the world -