Evening Star Newspaper, July 31, 1923, Page 28

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, TUESDAY, JU'LY 31, 1923. FINANCIAL. —— ‘ON NEW YORK (o e vonx BONDS oo i) Received by Private *Vire Direct to The Star Office. (Sales are in $1,000.) ' RAILROADS. | UNITED ST, ONDS. ales. High. (Fractions repfe.fi:z“t:my- econds. | Ann Arbor4s..... 1 57 Example: 101-1 means 1011-32.) |Atchison gen 4s... 18 89% Sales. Migh. Tow. Atlantic C L 1st 4s. 86% Lib3%s...... 113 100-3 100 Atlantic CLcl 48 80% Lib 2d 48 . 1 98-4 98-4 B&Oprin3ks 86 Lib1st4%s.. 14 98-6 982 B&Ogoldds. . 78 Lib2d 43s... 508 98.6 982 B&OG6s.. : 100% Lib3d4%s... 623 98-24 98-19 B&Ocv4ys.. 80% Lib4th s . 764 98-6 98-2 B& O ref 5s. 83% US4%s1952. 325 99-23 99-18 B&O PLE&WYV 4s. 74% B & O SW div 3%s. 94% FOREIGN. BKklyn R T 7521, .. Sales. High. BKIR T 7s°21 ct st 5 102% 28 NEW YORK STOCK EXCHANGE LOSSESAREHEAVY e vome srock excra | INSTOK MARKET -~ BOND QUDTATIONS - AGAN UNSTEADY High-Grade Issues Fraction- | ally Higher—U. S. Govern- ment Obligations Lower. Open. High. 8215 824 63 63 ... B8% BB% 2 T Magma Copper.. 291 Mallinson & Co. 23 64% | Manhat El Sup.. 41% Allied Chem p?. 107% 106% | Manati Sugar. .. 43% AllisChalmers. 3974 39% 'Maracaibo Oil... 21% Allis Chalm p: 90 90 | Marland Oil. 30% Am Agr Chem. . 11% 11% Martin-Parry... 26 Am Ag Chm pt.. 30 29% | Mathison Alkili. 39 Am Beet Sugar. 294 28 | Maxwell (A) 3T% Am Bosch...... 31 31 | Maxwell (B) Am Can. 3 8% 86% | May Dp Stores '3 | Am Can pt. 2 109 | MecIntyre Por. {Am Car & Fdy.. 158% | Mex Seaboard. ] {Am Car & Fpf.. 122 | Mex Seabd ct; ~Extreme | Am Chain (A).. Miami Copper H shares and in [ Am Cottos Middle St Oil 6% | were unsteady agaln today, but trad- feature in | > i SETEse 28% | ini was not very active. Sentiment There were no|AME Sl 10" regarding the future of the market the oil trade | amice. . . Mo K & Tex pt. . 26 |continued pessimistic without any Wall street ' Am Ice pf.. Mo Pacific. new reason belng offered. this | Am Internatl... Mo Pacinept. The high-grade investment issues 4 e eaainadlity heidone! a France. . Montg'y Wary which are responsive generall nl @roup of stocks remained to be done Ny 15 pranps | Moon Motors N Sl e hefore they could be re | Am Locomotive. Mother Lode fa1 Seaidenngl B ’ ing discounted the con m Radiator. .. Mullins Bodv. |falrly steady and even in a few cases the present overproduction and ”"‘ffi"' - e Nat Biscu gl [ Mohe. Daties teo soveryment ourtailment ations that iy | Natl Biscuit or loans asres low 5 The tax-exempt & om. . | Natl Dept Stores 315 sold down almost to prospect {Am Smelting. .. 3% INaDist St ¥ e Was falrly active selling The view taken, despite all efforts | Am Natl Eaares 56% | Treasury dlus, with a resulting de- to minimize the ‘unpleasant aspects| el Py, || 38n 33w 33 Nl 1 110% | <l inquotitions. The third 4%s of the oil situation. is that many o Neaoa e 1% were comparatively heay these comp cannot get through | Neyada Copper. ol vanees“in the air aln without ¢ Y Air Brake into fair wall Ut | Am Sugar pf Y either reducing or passing their divi- | xo0 cuB80 PE- Y Central. 3 dends altogether. Tod ling in | A0 R Feies YC&StL pf(n). Union Pacific s, the oiie represented the forcing out | A7 7€l & Teleg. Y Dock pf.... hone and Telegraph of large blocks of speculatively held [4% 700 - NYNH&Hartfd. 7s and in Northern I'acific prior stock undermined by the protracted | 4™ Tob pe ( Norf & Western 1 This latter “ularly decline. Cosden, with a break of 3 iAm Woolen. North Amer. . as the oth points, and Marland, with a drop sim- | Am Woolen pt.. rth Am pf. acific and ilar, were the particularly weak spots. | Am Zinc & Lead orth Pacific But other oils were pressed for sale | Ann Arbor pf Nov'StotStect: muconus . Nunnally Co. Egg prices advanced 1 to 2 cents. G ot = ENNGSFEPORT ‘Live Stock LOCAL WHOLESALE MARKET. ! ehippers held back their stocks, and losses in candling caused an advance e ki o ’ in price. Receipts are rather small. | Penco and W, R, & E. State- Butter prices also advanced 2 cents the past week. The advance had not ments F'Ied TOday—Bank Clearings Show Drop. Open. High. 9% 9% Air Reduction. . Ajax Rubber-. .. Alaska Juneau. 1 1 Allied Chem. ... 65 Oils and Rails Lead Sharp Declines in Many Parts of Wall Street List. serlously affected the retail market, however. Sales are not large, demand being slow. Very little change has been experi- enced in mest prices the past few b Cana days. The chicken market is weaker, $ Belgiam T5ac. ... 5 Canad North 8 he.. prices ranging from 27 to 32 cents, and { in_interest on the funded deht Belgium 68 e Ctnad Pac deb 4s. . | the market on fowls was firm. gcther with a gain of about $6,000 i1 Belgium 8s........ 21 Car Clinch & O 5s. . Eggs—Strict] | miscellancous interest, caused a de Bolivia 8s. ... 22 Car Clinch & O 6s.. per dozen, 27a%8; average recelpts, 25: [cline of approximately $5.000, to Brazil 7s 5 Central Pacific 4s southern 24 81,227, in the net income of the T Brazil 8s. 27 Ches & Ohio cv Live poultry—Roosters, per lb., o Bl Pt i S |Brazil 728 . 2 Ches & O cv 4% turkeys, per b, 25, spring chic | T S aEAY COSIaRY 50 nada 515 1929.. 12 Ches & O gn 41%s. per 1b., 30a35; keats, young, each, 40;|OPerations during June, 1923, a state- anada bs 1952. ... 24 Chi & Alton 3%, | fowls, per Ib., '25. " ment of earnings filed with the public Chile 8s 1946 Chi B&Q 1st rf bs { o Dressed poultry—Fresh killed sDring|utilities commission this Chile 85 1926 103 Chi & E Il gn bs. 4 | chickens, per b, 40a45; winter chick- | 0 = O 3 Chile 851941 .. ‘ 102% Chi Great West 43, ens, per Ib., 36; hens, per Ib., 4l 8. arning: of the compa Chineso Gov Hste: i Chi M&S P rf 4148, roosters, per Ib., 18a20; turkeys, per Ib, { during the corresponding month o Copenhagen 538 88 Chi M&SLP cv bs. 35a40; keats, young, cach, 60. last year amounted to $56,942, while Zoe n = CHIMaRtE Live stock—Calves, choice, per Ib., | o A = [Cubabyswi..... 99% M&St P 4325, 915410; medlum, per Ib. 9: thin, per|the company profited to the extent of | Czechoslovakia ss. 92% ChiM&S Pev 41y Lambs, spring, per Ib., 13:($91.935 during May, 1823 e .00a5.00 eac live hog: ! Gross earnings of the company dur C M&SLP4s'34.. 109% CM&StPgn4is : 964 Chi&N W 6ys. ... Green fruits—Apples, new, per bas- | & June totaled $439.770, with oper- 91% Chi& NW7s.. ¥et, 50a2 California oranges, per |AUNg expenses aggregating $245,671 96% ChiRysbs...... .00a6.50. _ Florida, 3.0086.00. | Miscellaneous income amounted to Dutch East I 65'62. 96% ChiRI1&Pgn 4 { Lemons, per box, £.002 5 and deductions totaled §145,746, Framerican 73s. . 8814 Chi R1& Pac rf 43, Blackberr s Ry French Govt $s. ... 3 96 ChiUn Sta 4%s. . 3.2 & e ax AlsoiDeclinc. French Govt 71,4 % 93 {Chi & W Ind cn s, way qings of the Washington Rail Haiti 65 ctfs. . 9214 CCC&StLTf 68 A e L S T T Holland-Amer 6s.. 15 79 Cleve Term 5145 the month o e sl nal during Japaneso 1s* 41 3 93 Colo & Sou 418 lREaInst SI00T Tor a0 yel 8. Ay Jupanese 2d 4155 . a2 C-SaRR Ete., ... Taals0. [ of last F€ir s audl oo ecen L aion apanese és....... 80% 3 ate. | $166,891 in Maly, 19 he e Pepco Hersen UM 6547, 5 ;}‘}:’fif"fifin? oy o il B L he e ons 68. 71 G income Is wholly chargeable, = Marseilles 68 -,7:”: Erie 1st con 4s. Port shows, mUL’.', mr(]'&;»':::fjlull l:\‘r‘vr Mexico b8 51 ie gen 4s. mately $40,000 in expenses and tax I e e ie conv 45 A While” revinues gainad INctia landite: 101% 2 I;ccnv S0, ... “(n. flLuo‘ during the period. | Norway 6s. 3 oT14 ir Trunk sf db 6s. . smnu{;“”.‘g revenues amoun e eathey aiies. Grand Trunk 7s. $405466, and “expenses and 1 *s-Med 65 Gr North gen 7s $384.286 during the month. Non-ope 32 per 8 income of the company total Gr North gen & 5 ireen B & W db B, 9-8};, 50a75 | ‘fl‘v.‘"{?‘t}‘l‘"i deductions totaled it ¥ and Suburl Hud & Manref5s.. 45 81% ot Hud & Man aj 5s. . 60 o WAL i *h Hud & Man ay i 1 60 Tonient, l'L J)(-' Georgetown and 1l Central 6358 02, Tenleyiown and ‘Washington interur- R e an lines suffered respective deficit et 02 of $1.848 und $1,085 Int Rap Trse stpd. 11 61% Sipayan maior Int Rap Tran 7s. 85 5.00." “Beans, bu., bad $o Int & G Nor aj 65. 35% ns, bu., 2.50a3.00. Beets, 100 | had & Int & G Nor Ist 68, 89 4.00a6.00. Cabbage, 100, | Suburlan Hine leae ¥ Int & G Nor 1st 6s. & rrots: 100 hunches, 4064600, | Suburlan Tine lost $155. ‘The hux Tows Cent iacth 57 ggplants, basket, 1.50. Lettuce, bu, | &T the Washington-Interurban, how- Towa cont 1y ) SR A, ever. enjoved a net income of $296 for can Gl e oz., 50a1. “orn, doz., Sk Kansas ity S oe; Fon e Seaio. “Peas, b 5.00 Kan City Term 45 82 | posa” basket, ‘d0ats.” Toms 1 2 ,_ basket, 6075, Tom X‘.'Lk(‘ _hore 4s°'28 o4y . 50a1.00; green, 35a65. Lake Shore 45 ‘31 911 Apples, bararel, 1.50a3.00: bushel, Louis & Nunids... 10 90 50al Blackberries, e Louis & X uni 4. N st oo o lackterien, | durl € two previous months, she 104% 80a1.55; 15023 herries, | 5, S0 Of approximately $13.000.00 { basket, 50a60. Currants 12a16. | 9veE, A when chiscks 59% { Huckleberrie eaches, . P auee Market St cn 5s. ... 2 3 o aterin Mil El Ry & L b3, Watermelons, 11% 3% 16% BY GEORGE T. HUGHES. 23% ! NEW YORK. July 31.—Bond prices Low. 102 88% 99% 95% 100 87 814 96% 100 101% 99% 103 BY STUART P. WE Argentine 7s. An increase of approximately $20.000 Star. to- July 31 oil was the Dispateh to Th NEW YORK weakness in the some of the rails the market today new developments in situation. but speculative felt t more liquidation in Spec morning in ope is in Denmark 8s. . Denmark 6s. . Dutch EI5%s Dutch East I 6s'47. sweet potatoes. 8.00a10.00 per Romaine lettu per_ crate, Crate cabbage Cabbage, nearhy Eggplant, per crate, i bushel ' basket, Beans, 2.00a3.50 per 2.00a3.00 per basket. Peppers, crate. North_ Carolina, 1.00al per bbl, 75al.0. Spinach 2.5014.00. ' Celery, per crate, 00a10.00. Squash, 2 lima_ beans, Fome-grown lim: racific pri road’s bonds. Armour Com- pany's real estate 41:s and New York Bhis bt Btectric Light Heat and Power Ontario Silver. culativ 15 were Orpheum Circult 3 as their Otis Elevator. l.srm-m. two outstand: |Otis Steel. ... T% | were t »f the St. Paul and Owens Bottle. 41% | Missou Paul bor 2elentr :j:s:(":rg”“-omr Missourl Pacific general 14s lost L, . about a point while the preferre el ut a point while the preferred % stock was making new low re Pan-Am Pete. 57 lon u hange. Among Pan-Am P (B).. 5% | ylaven issues the York, Parrish & Bing. 9% | chester and Bos were Pennsylvania. .. 43% | spicuously we still Penn Seabd Stl. % | ubove the low People’s Gas. ... here was little chang Pere Marquette. list, although the new Pere Marq pf. .. -"a low record below | Pere Mrq prpt.. { Ebiladciphia co |LONDON DOES MORE FOREIGN FINANCING also at new lows for the year. Rallroad Shares Also S { Asso D Goods. It was no longer sharex of the|4SSoclated OF northwestern railroads which led ln--]A~°n'5°" gD decline in the rail Attention was | Atchison p . drawn once more to the St. Paul sit- | Atian Bir & Atl. uation by the sharp bre of the pre- | Atlan Cst Line. . vious day in the company’s bonds.{Atlantic Fruit.. The fall in the long-term refunding | Atl Fruit ctfs. bonds to almost a flat 9 per cent basis | Atlantic Gule. was the most disturbing thing that | Atlantic Ref.... as Mappened, for it was the most]Atlas Powd pt.. severe reflection upon the credit! o o standing of the road. Paul pre- j Baldwin Loco ferred went through 28, and the com- | Balto & Ohio. . . mon sold down to 16, both being new | Balto & Ohio pt. low record i *Bank of Com. . The M X 1o even | Barnet Lea pf_ weaker t auls. Previous | Barnesdall (B). to vesterday morn the common | Beechnut Pack. stock had mnot broken to 11. Today | Beth Steel v it_dronped to 9. while the preferred ! Beth St 7% (n). without any resistance to speak of, | Beth Stl 8% pf. . lded ncarly 4 points. Like St | Booth Fish.. Paul, Missouri Pacific has failed to ! BKlyn Edison cover fixed charges during the period | privn Rap Tran ntd iy O mitmiRiacea: than this under | Brown Shoe. ... What | Burns Bros (B). Jess | Burns Bros (A). | Butte & Super - | Butterick. . .. et |Caddo Oil.. s, | Calif Petrol. .. s | Calif Petrol pf X vwsnawiadenoa o 2.00a3.50. 1.50. Pea; per Kale, bbl., York, Carolin basket; per qt. only o = waRane 112% 107% o) 3=} Queensland 7s Queensland 6s. . ... Rio de Jun 85 1946. Rio de Jan s during the GRAIN AND PROVISIONS, BALTIMORE, Md, July 31 (spe- | clal—Potatoes, new, ‘barrel, 1.50a5.0 bushel, 75a1.75; 100’ pounds, 1.50a3.00. barrel, 3.50a8.00. Yam con- i well | Seine, Dept of, 7s. . erbs Crotes Slo 8s nissons 6s weden 6s. | Swiss Confed 8: Tokio 5s the Washingtos proper v for their e City and we rel, 5.0 | Lima be; bunche n the for- Austrian 105% 9. 115% 51 1mz 1014 Ud Steam Copen 65 1 87 MISCELLANEOUS. i Am Agr Chem T8 25 Am Chzinsf6s'33. 3 SmIt&R 1st §5s. Am SmIt&R 6s . amounting to $90.996,351 month closing today, cidedly below the high peak reachcd conditions ago Wall st as ¢ 2t vinced that Missouri P preferre would soon go dividend b; and pay off its accumulated arre On this theory the stock : Manhat Ry cn 4s. AmT&Tcltrds.. JAm T & T el tr 4s. {Anaconda ev db 7s Anaconda 1st €s. . Armour & Co 415 o Atlande Red 20 oo {Barnsdall s f 88 1aring | geyy el Pa 5 I\mr MII‘ al seasonal dullness durir Eiven as the cause of the de The high point in local reached in May total of This inc learings wa f this year. when $101.405.058 was recorde figure, however. was « Settling Prices on Grain, Wheat—No red winter. spot. 1,098 ed winter. garlicky, 51 8pot, 1.01%: No. 3. red winter, gar- | Pressed the following month, licky. spot. 98%: No. 4. red winter,| $101.208.121 iar!ic . §pot, 965, The N YORK. July 31 { financing in the United Stat the first six months of the Wwhe was reported i following tahulation 514 1 how carings lor the rasted with corre of nearby sold at per bushel Sales—Rag _lots of 85 to | AT S Eon new 585 per barrel: o | tract, spot. ho quotations: No. i no quotations: track corn, yeliow: ? 2 or betier, 1.06 and 1.07 per bushel sales— None. ats—White, s 51 per bushel w Haven cd 6s.. Rye—Nearby, 75a85 per bushel: No. w Haven 7s..... 2 western export, 73; No. 2 rye, spot, 74 per bushel Hay—Receipts. 39 tons. The hay} A further slump to 893 on the part g market ruled steady to firm at afof Capital Traction stock featured range of 20.00 to 23.00 for old and | the restricted trading on the Wash- 4118.00 to 21.00 for new, with old hay |ington Stock Exchange today. This being given the preference even atjpopular issue opened at 99%, with the higher prices. fitteen shares sold. dropped to Straw—No. 1 tangled rye. on a ten-share sale, wh 16.00: No. 1 wheat, 12.50a13.0 lowest figure was reached 4 | oat, normal, 14.00a15.00 call,* when ten sharcs were DAIRY PRODUCTS. o e dok | al Reserve F T | This condition way influenced 108 Lasere in money ra 9 [ isted during most of 42 [ period, according to 924 | New Or Term 4s. N 'Y Cent gen 34s. {N Y Cent deb 6s N Y Cent deb 4s INYCentriss. . | Bkiyn { Bklyn Ed gen &s | Central Leather 6s 8 which €X- |Cerro de Pasco Ss.. the month | Chile Copper 6s. bankers, who |Cin G & E5%s62. {Con Coal Md 1st 5s. to this market injCuban-Am fug 8s. since the rates now are n a par Spring Company directors have declared an imtal quarterly |dividend of 50 cents on the common i stock, and the regular 1% per cent 4 lquarteriy dividend on the preferred Phillips Pete Pitts Coal. Pitts Coal pf. ... Thoenix Hosiery Phoenix Hos pf. B Pierce-Arrow .. : Plerce-Arpf.... U. S. Banker Outdone by Differ- Pierce Oil. ; Pierce Oil pf 25k ence isn Money Rates—Other Pitts & IV Va 424 L . | Postum .. 48% Financial Briefs. sold as | Calif Petr % | Pressed Stl Car. 51 | 5 high as sixty-three. The complete llahan Zine 5% S 5% | Produc & Ref... 31 g 29% | upset. as repr ted by the pres- fl"“':;'lr;&‘"k‘dfl 1:5’: Pub Service. 45% : he ated et selling pric W twentyosix. agian Pac Pub Serv 8% pf.. 100 is one of the tragic occurrences of | Case Plow Wks. 1% FiRmanCo. ... 13 the season. Missouri Pacific's J\xnu}Central Leath... 19% FantaiAlegce: .. 45 W showing it nf i ) n WIACCMCNL, BUOWIDE L Det of only | Cenelgain i TuneOll......... 174 $485.505. amainst 1 last Cent RRof NJ.. I B S Ripircd mome Cof | Gorro de Pasco.. 37 5% |ranway sasp_ 100y aud = S b= AR 3 0 3aet Sugar Sharex Weaker. | Chesap & Onio R0p Tran Sec pf 35 Suga ee e | Ches & O pf w 1. | Ray Con Copper 10% Sugar stoc a4 more attention | C Rordie 734 than they had vesterday to the latest |Chi & Alton pf.. Y fi e outbreak of price cutting and the | Chi &East I11. ate S/ ahex s 104 enee decline in Cuban raws below the ;ChiGrt West... Remington . 30% cent level. Punta Alegre made a new | Chi Great W pf. Replogle Steel.. 11 low for the year. and Cuban Ameri-|ChiMil & St P... 42w can common and Cuba Cane pre-'ChiMil &St P pf. 921 ferred were almost equally weak. The | Chi & Northwn. Reynolds Spr 20% quarterly report of United | Chi & Nwn pt Rey Tobac (B).. 62 Rey Tob pf B ? No. No. 2 white, Vew Haven 7s fr. 10 IN Y W & Bos 4155 “’,‘ orfolk & W cn 4s. 1055 | Norfolk & W ey 108 | Northern Pac 3s. {Northern Pac 4s iNorthn Pacri 6s { Northern Pac 5s . iOrn & Calif 1st bs. . 10 Short Lien 5s '46. 2 100% | Ore-Wash 1st rf 4s 2 794 | ©9%, | Pennsyl gen 5s. 4 100! BALTIMORE. Md. July 31.—Live 101% | Pennsyl gen 4153 so5ilinoultry-—Spiing: ciickena, pound, 2 115% | Pennsyl 61 108% | 35: leghorns, 23a28: old hens, 2 971 | Pennsyl gold 7s. .. 13 107 | leghorna, 13280, old " roosters, A 95% | Peoria & E inc 4s. . 2 L Toda s nlsecn s pair, 2 | Pere Marqastoe . off)—Native and nearby {Pere Mrq 1st 45 dison ref s6. | Diamond Mth 715 ! Du Pont de Y i Dugquesne Light 6s. Cu Steel was not published until_after | the close, but the stocks was forced | Chi Bnea Tool. - Ravst Dok down to a new low, because of the |Chi Rt . general market unsettiement. {Chi R 1&P6% pf. St Joseph Lead. There was certainly sthing to | Chi R 1&P 7% pt. complain about In the Studebaker | Chile Copper. ... figures revealing nearly $3.50 carned ! Chino Copper. .. 55 554 | A and B stocks, on »mmon_stock for the second | Coca-Cola 2 ¢ 9514 The ready respo; auarter and aisclosing suicient busi- | Colo Fuel. 2 2 T s 5 Lein calis issucd ess on the books and in_sight to|cColumbia Gas.. E 2 e 4 week, when keep the p going indefinitely_at | Gajambn Carbor A e Was ac their full. Yet Studebaker stock fell | Golumbia Graph oy houses as an with the rest l HoaRi Ses Co £y 4 trength present holders of long The report of the General ‘m's‘vc‘"“r‘gl‘“!’u‘dl" hell Unfon. 5 % taccounts and to mesan that pract Corporation for the second quarter, ; CONS i 1ms Petrol fcaliy all of the weak accounts al- | I1linois Bell 1st §s. expected Wednesday, will throw fur- | Cons of NY. {ready have been liguidated i Indiana Steel 5s ther lig:uh upon hly favorable po- Jgon:g:“‘e- @ | iint Mer Marine 6s. aition of the large automobile manu- | Con e inclair pf. " {Int Paper 1st 58 A . facturers for the first half year. | Continental Mot kelly Ofl. | DIVIDENDS. S Tay 3% 15.00a \ net mar- ]Flsk Rubber part of {Gen Elec deb & s slumped | Goodrich 6%s. . epted commission | Gooqrt indication of the | Goodvear 851931 Thirty shares sold at of Raily two shares of xo mBoees ik o | vad Drop in U. 8. Receipts Pred net reduction in governmer, jceipts of $151.894.397 during the TP Humble O&R 5 fiscal year was predicted S by Director of the Budget Herber ¥ fancy, | M annual report to b'r _.. |'pound. 38ai21,: prints. 43ati; nearby ring the operat 674 | creamery, a1 rolls, al budget during its ::::;3(\2 store packed, 30 dairy prints, G of cxnenditunse 30a3: not yet been completed S 'Ark&'[“‘zs' 5 5 income for ”HI 't L IM&S R& 5% | TODAY CHICAGO PRICES. mated at $3,4%6,59 3% | CHICAGO. July 31.—Pronounced ab €6% | sence of offerings led to fresh u 15 | turns in the price of wheat today dur. 631 | Ing the early dealings. Unfavorable 90% { weather in the northwest, togeth 731 | bullish crop veports from both sides 100 lof the Canadian boundary tended St LS W Ist 4s. . . i further to lift values. 1In addition, {in income and profit taxes. i month-end evening up of accounts by llaneous internal rev is expreted nA&ArnP4s H E 8 A s monthoend evenlE M O antheniny |t/ maintain its: or annual rate Seabd AlLds sta 21 B2x | Provious Aellers was o SThich vayled |of $530.730.000. according. to t | Jembid A Liner dn 4 % 4l gron S nchanged fizures to_ 14 higher, | bort | Seab'd A Ladj 58 27 |With September 96% to 87, and De- | ab'd A Lcon 6s.. 2 cember 1.00Y% to 1.001z was followed | Sou Pacific cv 4s. moderate gains round. Sou Pacific ref 45 Corn and oats were firmer with | FESMIEON, SPIT A0 Trom his in Sou Pacific wheat. Beside: receipts of corn stitution the g ter S’J):F of the & Southern Ry 1st 55 TSRS e aaithan nad(beenilopicedi| SUTUCION HE (ERERteINATL of (e At |¥or. Atier opening unchanged to 14 | Ch | Southern Ry 61cs. . lower, September 6% to 6%, the o Third Ave ref 1 corn markat scored a general ad- . seoree S Ve = SUFFER SETBACKS 2 e o i, A1) the months showed a little upturn. | e | Grasshoppers, Flies, Hail and Rust {P! Union Pac 1st 4s. .. fons e hizher in response | | e Union Pac Ist rf 45 s Mg values, " i head EL g ; | Union Pacev ts. .. s - ‘nion Pac cv 6s. .. {Virginia Ry Ist bs. | Wabash ist5s..... Toll in Many Di Western Pacific 53 79% s 2 Bl / | West Shore 1st 4s. i . ; tricts. TOTAL SALES (Par Value): e 1lam.. 2502000 12 noon 4 116000 ipm. 5133000 2p.m.. 6136000 : southern. 24 Butter—Creame good to Lord in hi: ident Harding of the fed ond year. | nave The {Rapid Tran 6s w i. 118% % | Reading gen 4s General Motors, according to infor- | Corn Products. . effield. . 119 mation available today, will show a | Corn Prod pf surplus of approximately ,000.000 ! Cosden & C after over $21,000,000 distributed in | dividends. e The fact that Baltimore and umo}::”,‘”"'\ acted so well fitted in with what h: eI = been said recently regarding this ¢ { Cub Am Sng rier. At current prices Baltimore and | Cuba Cune Sug.. Ohio selling at little more than [CubaCaneSf.. balf its vearly rate of earnings, which | Cuban Dom'can. s estimated as high as $23 a’ share. | Cuyamel Fruit.. he company may place the stock on j o~ : 5 div Davidson Chem. a 84 or $5 end basis e last | a $4 or 35 dividend in the Tast | Dy deon. .- | D Lack & West. quarter. | Detroit Edison MARKET CLOSES STEADY. E {Dome Mines. . s | 0 Porto Sugar. | Comy ProR outh Pacifie. {Int. Har er ptd Q $1 | Southern Rwy 3i% | Pure Ou i outhern Ry pf. 5% 6 U Smith pfd G 1 cer Mfg Co \ivandou v {Stoil of Calif. .. !Stand Ol of N J. Sterling Prod. istewarr“’arnel Strombg Carb. . Studebaker Submarine Bt... Sweets Coof A.. Lackaw Liggett { Myrs i Lorillard (P) |Lorillar (P) { Manati Sug st @ GO W B B 1 = O 00 S D 8 with an estimate 635,489,453 in the present al ye ends June 30, 1924 Customs revenues estimated 10,000,000 are ex 0 next ) 1S expe llection of § & Tel 5 Y Ldsn Ist YG EL H&? Y Tel 6s'41. T Tel 65°49. Y Tel 414 dison 6s States Pow 5s. .. Northwst B Tel 7s. jOtis Steel 7128 lotis Steel 8s. { Pacific Gas & El 58 {ParT & T 555 . {PhilaCoref 6sA.. 0% ! | Tenn Copper. .. 4 . | Texas Company. Douglas Corpn. 18% | Tex Gulf Sulph. Dupont (ED)... 113 | Texas & l'acific. { Penn. Co Dupont deb. .... 82 €2 |Tex& PC&OLl. 7% | Lindmay { Eastman Rodak 105 | Third Avenue... 10 | Union T | Elec Stor Bat... 54% | Tide Water Oil. | Cnion { Endicott-John.. 5 66 | Timken Bearing Ipite. 11 | Tobacco Prod. .. 3 7 Tobacco Prod A. ock rket, with many | Erie 1stpf... 174 . howing declines of 1|Erie2dpf.. 128 | Trans ContOll - at the close. Much of ! pairbanks Co. .. 51 | Underw’d(new). licuidation came from small in- ! gam o6 Shl ey 70% | Union Pacific. tors who were frightened into | fines&S.pf 36 | Un Alloy Steel solling by the serious nature of the | Ed Mines&Spf.. 7 S h S S | Fifith Ave Bus. . 714 | United Drug President's iline Sales approx- | F¥ 4 | United Fruit imated 830000 share Fisher B of ¢ 98y | United Fruit. .. The closing was stead Fisk Rubber. 774 | United Ry Inv ring operations wire Fleishman s [UEy T o ent in the late deali 5 | Foundation Co.. 6815 <l e | d i - - Ves M ligd from “smail fractions | Freeport Texas. 1014 | U'S Cast I Pipe.. 2.‘3& ‘ 3 | C Noe. : ! <buwi n'gxllé‘ v 1 estern Md ds. Point from their early lows Iz e us 2 . e 1977 W08 Ueis | Sinclair Oil 615 w g e e {Gen Am Tk Car. 42% | j S Hoffman M.. 15% | b E =5 u’fi-" 1 Crude Ol 6s | Gen Asphalt U S Indus Alco.. 45% Ciit. . 2 9T 0T {Gen Cigar. 81 % TODAY'S COTTON PRICES. |gencisar. 220 &t e 8 1 Gen Elec spl. {Du Pont Sl LRt USRubber ... 41 ¥ ‘Weather Reports Cause Both Ad-'Gen Motors. .... 1on Ol i, . Lieet. ptd., o Suell U Sierra Pacify Augnst 6 e Larner Returns to Dexk. President’s Illness Cause of Heav. John B. Larner. president of Washinglon Loan and Trust Coi IN I Selling Early in Day. Associated Press. YORK. July tent selling mgainst the active i 31.—Inte: Sionaure s ERM SECURITI shed by Redm Short 29% % {Sin Crude Oi1 5 104! South, Bell Tel 6. ‘o Por Rico Sug St Oll of Colif 7s... Tean Pow 6s. * [ Tide Tat Oil 6%5s. | Tobacco Prod sf 7s { Union Baz & P 6s. . {Unit Drug cv 8s. 1U S Rub1strfbs.. {U'S Rubber 7145 4 |U S Steels £bs.... Utah Pow & Lt bs 2 Vertientes Sugar Union Tank Car 7s 19 L0 1\ -Car Chem 7s J £ The 1 “{va-CarC T4%sw. | West Union 61;s. . { Wickwire Spen . { September. 172% | December 3 { Br the Associated Press LIVE STOCK MARKET. | REGINA, Saskatchewan, July , July 31.—(U, 8. Dep: - | Hail, sawfly, hoppers and rust Agriculture) —Hogs —Re- {nave taken their toll of Canadia i Strong to o hiEh: [crops. dimming the faverable outlook and choice. 160 to 250 |of a few weeks ago, according to a 7.50a7.63; to. :hugk {report of the Department of Agricui- 260 to 325 pound butch - i e iy, 580 | ture, made public today Rust, while not regarded as serious, was reported in the south, central east-central _and Regina-Waybur Qistricts. Rain is needed in the cel {tral district Cutting will be katchewan in from weeks. of. Gs 1033 Goodyear T. & K. & 1931 Great Nortlern Hocking v {Humble « Kansas City Keanccott Copper 12 SLLNL L& 80 SOM 6o Morris & Co. Tigs 1930.°. Penna, e aon US Smelt&R 22% % |Gen Motors pf.. 80 80 e F i jGen? BRL-c U SSteel pf..... 117% weavees and Brstines. | Gen Mot 6% deb. 80 D e e SW YORK. July 31.—Because there | Gimbel Bros pf. i Utah Securitles. 1513 was no rain in Texas overnight and | Goodrich = 235 e no immediate prospect for any, ac- ! Goodyear pf.... 6% vanadlum Corp. cording to the official forecast. the !Granby Consol.. 17% { Va-Car Chem cotton market had dy opening | Gt Northern pf.. 57 i VaIr Coal & C today, and with the exception of Sep- | Great Nor Ore 26% Vivadou........ tember, which opened =3 points lower, | Greone-Canan. . 17 Vulcan Detinn. was 6 to 15 points highe Futures | Guif St Steel. 68% : opened firm; October, 21. Decem- = her. January, 21 March, { Homestake. . £2 Wabash pf (A). 25% 30% Waldorf (new). 17% | Househ'd Prod. . 4 July 31.—Cotton | Houston Oil 4 Bl 42§ WWEsC e pe. - 115 i October, 20.64;: Hudson Mot o i Western Md. . 9y : January 75, | Hydraulic Stl. .. West Pacific.... 16% v, 2067, Dry weath- West Pac pf. 56 - tern belt and too much |llinois Central. 107% West Penn Co.. 40% 40% rain in the eastern belt put the price | [l Central pf... 112% 1 Western Union. 105% 105% of cotton 12 to 23 points higher soonIndOil & Gas... 5 West Air Brke.. 80 80 ] 4 Westhse EI&M. 56 5418 : 0 B | z { i MARKET FLASHES. Reports from San Francisco state that Pacific coast refiners of Hawaiian &; packing qoes e sugar have reduced prices 50 points to | 86,105, K0od STORE, WHENL JE5 {5:30 cents a pound Weight hogs. 6.85a7.75; medium, i 770% lght, 7.00a7.70; light, light 7.50: packing sows. smooth, packing sows. rough, 5.50a ing pigs. 6.2 jers: pound averag: good and choic - ers, 7.20a7.45: packing s Amalgamated Sugar Company offi- cialy this season’s beet crop in i = {both Utah and Idaho is in excellent 00. Lilison SO0 It es. | condition, and that they will have a | Cattle-—Receipts. 11,000 head Wilson&C cv Tizs. much larger acreage of beets thister gradss most killing classe: Lb e I paratively scarce: falrly active Ll oy ¢ % steady to Strong prices most | Youngstn S & T 6s It is reported that Reo Motor will |higher; lower grades very slow > a ne wtouring car on the mar- |even: barely steady: relatively few ket and discontinue their present | matured steers eligible to sell sbove touring model The price will be |11.00; hulk beef steers and vearlings. $1.335, a_reduction of $150 from the [ 8.50a10.50; early top. 11.45: few good presentitoaningca to choice long yearlings. 10.85; plain qualitics, but welghty native grass- ers downward from 7.00: light grassy Vearlings. 6.00 and below instances, about twenty-three loads South Da- kota straight grassers sold late ves- terday 6.15a6.00; welght average, 19152 and 1.144 pounds, respectively: some 1:200-pound Montanas, 7.50; bulls Uneven: bolognas, weak to 15 lower: Vealers, largely 50 higher; stockers and + more active. O hean Receipte, 17.000 head: fairly | active: fat lambs steady to strong: A% 13 9% 15% 55% general in two to thre EW ORLEANS futures opened qu Decem b 0 March, 2 — LESS LEAF TOBACCO. Stocks on Hand Show Slump Since April Report. £ Stocks of leaf tobacco held by man- ufacturers and dealers July 1 were 81,000,000 pounds larger than a year ago, but 150,000,000 pounds less than on April 1 this year, the census bureau announced today. Total stocks were 1.697.844,44 pounds, of which 1,196,445.884 pounds were chewing, smoking, snuff and ex- port types; 425,000271 pounds w: cigar types and 76,398,290 were i ported types FOREIGN EXCHANG (Quotations furnished by W. B. Hibbs & C Nominal after the opening. Scattered seiling | Indiahoma...... 4 met the advance, some of it in the |Inland Steel.... 324 32% way of hedging, and it drove prices | Inland Steel pf.. 98 98 LR T ) l?_% 6% June 13 4 to 12 points under the close of yes- e pil.. 32 12 3 101 316 terday, to 29 to 51 Doints for October. | 1n Re Chemical, & | White Eag Oil.." 24 1805 IBW Y - = > White Motor. 475 47% 2 gold val NEW YORK, July 31.—Cotton fu- | % . g 5 tures closed barely steady, October, }"t 5”";(",.':', 12’%‘ 2 White O11 1% 1% 1% 100810 | Smions, Pante; 1o { The Standard Oil Company cf Cali- 21.18a21.21; December. 51 03 | Int M Marine pf. 22 x MRS 7 7 90816 | parie. franc. .. e : {fornia has called for payment, August anuary. 20.77: March, 20, 90 1“”" k“; nepf. g % ‘Wilson Co. 23 21% 100 15-32 | Rrussels, frane... 1, at 104, of $25,000,000 7 per cent May. 2081 Cotton spot quiet; mid- | jor bemer... . 32 Willys-Overld.. 7% % 100 Rerlin, ‘mark. bonds, due in 1931 The bonds were dling, 2. ntl Paper...... 8 856 Willys-Overl pf. 69% 67 Rome. lira. issued in January, 1921, and offered Intl Paper (sta). oax e Wisconsin Cent. 241 245 | Zurich. ~frane. at 100. They have been refunded by €6 BLAST FURNACES CLOSED Int Shoe - oo Woolworth. ... 229% 230 2500 ! PIERCE ARROW EARNINGS. |Athens. drachma e s, o indsdiby, - o Madrid, peset { Int Tel & Teleg. ‘Worthington 25 25 25 NEW YORK, July 31.—Pierce Ar-|Vienna, crow: cent notes maturing annually from & T e o Wright Aero.. 10 10 u% row Motor Car Company for the sec- | Bidahest, oo Augnstit; 1951, {o Augnaci s AS BIG IRON PILES UP | 1n i s 38 0dd lot. United Alloy Steel stockholders at| atch to The Star. Island Oil. % a special meeting today ratified the 23% on 4 | Prague. crows ond quarter of 1923 reports net in-|Warsaw, mi Copenhagen. HOURLY SALES OF STOCKS. come of $162,853 after interest, fed-|(pviatiani 1, of the Carnegie Steel will be blown out Wedne: 1 Lucy has suspended ope s have one Isabella stack at Etna and the Edith on the north side. Production costs at these stacks are high and they are among the first & be blown out when pig iron begins o accumulate. It is expected that other small stacks will suspend operations. None of the modern stacks ot Carnegic Steel, other United States Steel Cor- poration subsidiaries or Jones & Laughlin have suspended 214 the management still complains «f labor snortage. Finishing mill schedules ow a slight change this week/ —_— In Des Moines. woman detectives, posing as “flappers.” trapped 115 au- in one day re- i Jones & L'gh pf. 109 Jewel Tea 18 18 11 a.m. 161400 12m 109 1pm. 509800 2p.m. 958 16% 49 30 32% ii:fl &l 4 212 212"fi 18% 18 K C P&Lt 1st pf. Kansas City S.. Kansas C So pf. Kayser (Julius) 29% Kelly-Spr Tire.. 323 Kennecott...... 33 Keystone Tire.. 4% Kresge (SS).... 212 Lee T & Rubber. 18l Lehigh Valley.. 59 59% Lig & Myerspf. 114 114 Lima Locomo... 60 60 60 Loews Inc. T 15 Loft Inc . 6% 6% 6% Loose-Wiles.... 42 42 42 Lorillard (P)... 151 151 151 Lorillard pf. 114 114 114 Louis & Nash... 87% 878 87% { gividends. Mack Trucks... .71% 71% 69 69 The profit in the 0 was §8 a share, 96% 16% 49 30 By the Associated Press. - 363300 - 631400 STUDEBAKER EARNS $9.40 PER SHARE SOUTH BEND, Ind., July 31.—The Studebaker corporation today report- ed net profits for the second quarter of the year of $7,200,202, equal to $9.40 a share on $75,000,000 of com- mon stock outstanding, after deduct- ing reserves for taxes and preferred preceding qyarter $11,766 months of 1922. Operating income was $307,187, against $348,855 in the corresponding 1922 period. The company’s net income for the first six months of 1923 amounted to $267,911 after interest, federal taxes, etc.,, compared with a deficit of $36,- 992 in the first six months of the pre- vious year. PARIS BOURSE WEAK. PARIS, July 31.—Prices were weak on the bourse today. Three per cent rentes, 57 francs 75 centimes. Ex- change on London, 78 francs, 23 cen- times. Five per cent loan, 75 francs 50 centimes. The dollar was quoted @&t 17 francs 13 centimes. jeral taxes, etc., against a deficit of | in the corresponding three| increase in authorized issue of pre- ferred stock from $5,000,000 to $10,- 000,000, 100 par. The stock will not be immediately issued. New York bani clearings. $720,000.- lars): Great Britain—Demand, 4.56%; gsg.'oo({!"lz!cwori'or:nFod:rln'llcefis'esirv'e cables, 4.56%; sixty-day bills on|Bank credits, $54,000,000; ~Boston banks, 4.53%. France—Demand, .0581; | bank clearings, $53,000,000 cables, .0581%. Italy—Demand, .04:«4‘! cables, .0434%. Belgilum—Demand, EDISON COMPANY PLANS. :0475; cables, 04754, Germany—De- | special Dispated to The Star. Tt feed 3k sabies, 3928 | LOS BUGELES, July 31—The Norway—Demand, .1600. Sweden—. | Southern California Edison Company, Demand, .2657. Denmark—Demand, | largest power concern in southern California, today annouaced it would increase its capitalization from $100,000,- .1784. Switzerland—Demand, .1784%. Spain—Demand, .1420. Greece—De- 000 to $250,000,000, in order to develop 1,000,000 additional horsepower. mand, .0183. Poland—Demand, .000005, Company, will be blown out Wednes- Czechoslovakia—Demand, .02951%. Aus- tria—Demand, .000014%. Rumania— gram calls for a total expenditure of $200,000,000, Stockholm, ' crown. By the Associated Pr NEW YORK, July 31.—Foreign ex: j changes easy. Quotations (U. S. dol- Demand. .0051. Argentina—Demand, .3400. Brazil—Den; .1020. Montreal ~—Demand, .97%. culls and lightweight sheep strong to | 25 higher; spots more; early top west- | ern lambs to city butchers and ship- pers, 12.75; some held higher; natives mostly, 12.00; sorting moderate; culls generally, 8.50a9 few good year- ling wethers, 10.25; cholce two-year- old, upward to 9.00; good bunches good lightweight ewes, 7.00; heavies, 3.50a 4.50. Y LIVERPOOL COTTON. i LIVERPOOL, July 31.—Cotton—Spot prices_steady. Good middling, fully middling, 13.72; middling. low middling, 13.32; good ordi- PEST RUINS CROPS. FORT WORTH, July 31 (Special).— The grasshopper plague has ruined much of the cotton and yirtually al of the corn in central west Texas Schemes to fight the pest are nu- merous, but successful ones were dis- covered too late to help the crops. NEW PRICES ON HIDES. CHICAGO, July 31 (Speclal).— Packer hides, which have been very active for a week, are quoted at these prices: Heavy native steers, 13 cents; light native co: 13 na 12.82; ordinary, 12.52. . Sales, 4,000 bales, including 1,800 American. cefats, 12,000 bales, including 4.100 Americar. Futures closed very The | steady; August, 12.62; October, 11.99 Deceimber, 3 January, " 1 Murch, 11.68;9May, 11.63; July, 11.57 Official noon'wlosing: July, 13.62. heavy native cows, 15 cents 4 Texas steers, 13% cents; light Tex and Colorado steers, 1212 cents. Cou try hides are only slightly active. —_— There are nearly 20,000 known medicinal remedies. S A