Evening Star Newspaper, August 5, 1923, Page 22

99 INVESTORS DISPLAY GREATEST CAUTION Attention Divided Between Foreign and Domestic Business Outlooks. MANY OUT OF MARKETS Foreign Bonds Furnish Surprise of Week—Big Earnings Reports Appear Discounted. NEW YORK. August 4.—Until trad- | % brought to a sudden halt b dent Harding's dgath the s markets of the k had moved | with no more pronounced character- | tistic than hesitation. While the news of the nation’s loss was received everywhere with the most sincere ex- of confidence was nifested in the character and abil- | the President to fill the which he was xo unex- :d, und the underlying | ins which govern both invest- | 1 speculation were regarded | substantially unchanged. | of Buying Power. Attention this week been di- vided between the foreign and the | domestic situation. Both were re- | zarded ax holding certain disturbing { possibilities, but it w .ummu.nl abroad upon which the er stress | was It is, of cour: what _influences investors, 1d potential. It is plain, how- | absence of buying, | liquidation, Which ponsible for the ities. There is less amount of | at. but un- | | I to The Star. i | fng w Pres cur- it we sorrow, has boe alway selli nanent effect to the p where tracted eit from the the investment interest port speculative or | ortant Bear Factors. present mood mostly workin while the inve becomes impo; if possible, th letharg he speculative | rd low- | stand then, | group, or prices aside. It o analyze, foreign affairs of much of e sort of way | ak between | ritain and the ny, about which will react unfavor- | ur own in- just FINA 116% explains | t, but | is all the are that | ebodings to | uld be only a erting than the | ve Surprise. admitted that European dis- | th ¢ ted to foreign bond | the recurring re- | d und refuse to n when the in- use the most hardene i crises come alarm ational s While conc r the problem has a deterring effect upon vestment buying, the remarkable prosperity to have no | great in- just made | vear's divi sarned in the and_their | nd the re- points ter rial corp eports showin D six mont ntinu ablished low Unknown F: case of United niznt b a pre but that dees not of Studebaker or | comotive. It may be e market is discounting duced earnings in the 1 the vear, and probably | hing e 2id on this wever ¥ accounts urns te be ||.ul from the | < of the public utilities, the busi- of which uniform times an depression | JUSt as in the matter tuation, so with it is the fact that « so many unknown factors keep the investor out of a mar- | which would ordinarily look so uttractive It iz not only merchants and specu- | lators who have vivid recollections | of the g 0 and 1921 ‘ Investors reme mhnr it well, also, and | until they are able to get a clearer | of the future they do not pro- | to take any o The edu- | ting effect of the slump two rs ago can hardly be overempha- Kized > Many ates s(.o\{ xplained by | tment | the condi =n &n home tinere that High-grade Bonds Steads. In one particular the situation is | tinctly encouraging. Through all decline in stocks, both speculativ investm higher grade have steady. The ket has been dull and there has | 1 little new buying, but, on the other hand. prices have not gone down. i should all the uncertain- ¢ ic and foreign, operate to | prevent any great recovery in stocks, ihe outiook for the better bonds is generaliy thought to be good. fls i e il i OILS FEATURE OF CURB. Marked Heaviness in Many Issues | During Week. NEW YORK, August 4—In thel ‘ek interrupted by the suspension of ! s yesterday out of respect to nt” Harding, price movements | fncluded substantial losses in man. s. but with recoveries of mode: ate extent from the lowest levels es tablished. Interest was attached to the various petroleum stocks, chiefly hecause of pressure in the first half of the week on which Standard Oil diana sold at a new low record ~. irie Oil, after dropping from 17 1 allied to 174, and South Penn, | st week sold as low as 100, | moved uip to 113, but lost a good part of this gain. Ohio Oil was one of the | weakest atures, falling over six points to 48% Magnolia Oil was in- uenced by the action of that com- pany in advancing rates in one sec- tion of its tegritory, and this was| to with an upturn from | in the prices of the stock . after falling 1% to 40, lied over twu points. COPPER PRICES EASE OFF. NEW YORK, August 4.—Following weakness abroad, the copper market { d off during the past week and were made at 143% for elec- R delivered, although most of the large producers were unwilling to 1 l»elnwdu%. Iron quiet but some- 1t steadier, £23, 245 46% European | —— 100 28 {1021 19% 41% — 6554 j141 1107 107% 62% 10% 191 11% 4314 38% 30% 115% 27% 87% 19% 63% 80% 20% 22% b54% 109% 30% 59% 48% 53% 107% 119 39% 24% UNDAY . STAR, WASHINGTON, D AUGUST Yy 1923—-PART 2. NEW YORK STOCK EXCHANGE . Rate. 3 4 4 7 4 7 5 5 412 1% 2 111 4 31% 27 2 6% 31 19% 71 5% 21% 11% 81% 63 64% 8% 17% —— Jewel Tea. 50 107 16% —— Kansas City Southern 48% 28 —— Kayser (Julius) & Co. 29 —— Kelly Springfield Tire. 95 84% 6 Kelsey Wheel.. 32 4 50¢ 6 7 6 1 o 5 7 3 3 4 240 8 8 1 10 50¢ 2 $12 61 6 21 5 4 7% 4 4 1 % 8 8 i S 64c 3 6 3 5 4 (3 8 60c 120 6 6 7 8 5 2 —— Greene Cananea Copper 4 7 3 6 3 12% 1 1 6 2% 2 3 2 5 6 6 4 7 4 8 3 2 Chi WEEK ENDED AUGUST 4, 1923 Week ending August 4, 1923. Net. 3 High. Low. Close. Chge. Advance Rumley. 10 9% 10 Advance Rumely pf 36% 36% 36% Air Reduction. . 64 62 62 Ajax Rubber...... 7 6% 6% Ailied Chemical & Dye.... 65% 63% 64% Allied Chemical & Dye pf.. 107% 106% Allis-Chalmers Mfg. ... 40 384 Allis-Chalmers Mfg pf 90 90 Am Agriculture Chemical. 12 12 Am Agriculture Chem pf.. 31 29% American Bank Note. .. 81 81 American Beet Sugar. 30% 25 American Bosch hlnsne\o 38 30% American Can.. .. 89% 86 American Can pf... . 109 109 American Car & Foundry. 157 155 American Car & Fdy pf... 122 122 Am Chain class A w 1 20% American Cotton Oil. 4% American Cotton Oil pf.... 16% Am Druggist Syndicate. .. 4% Ameérican Express. .. 91 Am Hide & Leather pf. . 38% — American Ice. 881 American Ice p: 80 American Internatl, 1% Am La F Fire Engine 10% American Linseed. 1% Am Locomotive (new).... 0% American Locomotive pf. . 120 American Meta 424 American Radiator 78Y% American Safety Ra ‘Am Ship & Commerce . American Smelting & Ref. Am Smelt & Refining pf. American Steel Foundry American Sugar Refining. Am Sugar Refining pf. Am Sumatra Tobacco. “able. ... 2 ephone & Teleg American Tobacco. Am Tobaceo Class B. Am Tobacco pf (new) Am Water Works & Am W W & Elec par pt American Woolen n Woolen pf. Am Writing Paper pt American Zinc Lead & Anaconda Copper. Ann Arbor pf.. Arnold Constable & Co Asso Dry Goods Associated Oil. .. .. Atchison. Topeka & S Fe Atch, Topeka & S Fe pt Atlantic Coast Line. ... AtPantic Gulf & WI....... Atlantic & WIpf.... Atlantic Refining. ...... Atlas Powder (new) Austin Nichols. Baldwin Locomotive. .. Baltimore & Ohlo. . Baltimore & Ohio pf. coie— e High. low. High. 189% 110 248% 111 35% 24% o 31% 17% 72 56% T1% G54 128% 107% 118% 111% o6% 52 4% 58% 23% 11 21% 14 4% 9. 1% 6% 67% 36 63% 36% 180 147% 178% 146 144% 108 155 85% 121% 13% 20% 16 70 6415 57 70% 61% 25k 94 584 94% 68'% 99% 87 8% 72 54 92 35% 27 38% 28% 40 15% 40 21 69% 41 66 381 — — 5% 59% 32 47% 42 11 3 22 7% 35 87 48% 69% 36% 3% 54 641 4% 63% 257 179 34y 324 31% 16 454 14% 19% 48% 25% 63% 6% 25% 19% 11% 34 39% 20% 22 11 ec. . Beechnut Packing. . Bethlehem Steel. Bethlehem Steel pf new . Bethlehem Steel 87 pf. Booth Fisheries. Brooklyn Edison Electric. Brown Shoe. Burns Bros. . g Burns Bros Class B. . Butte Copper & Zinc. Butte & Superior. Butterick Company. Caddo Cent 0 & R California Packing. llahan z”‘ lumet & Ar nadian Pacific. Central Leather Co Central Railroad of Cerro de Pasco Copper. Chandler Motor. Chesapeake & Ohlo. Chesapeake & Ohio pf. Chicago & Alton pf..... Chicago & East Illinols. Chi & East Illinois pf. Chicago & Great Western. Chicago & Gt Western pf.. filwaukee & Milwaukee & Chicago & Northwestern. . Chicago & Northwest pf. Chicago Pneumatic Tool Chicago, R 1 & Pacific. Chi R1& Pacific 6% Chi R 1& Pacific 1%. .. Chi St P,M & O. pper.. Chino Copper Cluett-Peabody. . Columbia C Comput Tab Record. Consolidated Cigar. Consolidated Gas new. Consolidated Textile. Continental Can. .. Continental Motors Corn Products Ref. Corn Products Ref pf Cosden Company. Crucible Steel. Crucible Steel . Cuban-American Sugar. . Cuban-AmericanSugarpt. Cuba Cane Sugar. . Cuba Cane Sugar pf. Cuban-Déminican Sugar. . Cuyamel Fruit. .. Davison Chemical Delaware & Hudson. Delaware, Lacks & West... Detroit F N e (R TN T T T Electric Storage Battery. Endicott-Johnson Erie Railroad. Erie Railroad 1st pf. Erie Railroad 2d pf Famous Players-Laskey Famous P! Federal Min Fifth Avenue Bus Fisk Rubber. .. Fleishmann Company . Foundation Company. Freeport-Texas. .. General American Tank. General Asphalt General Asphalt pf. General Baking. General Cigar. . General Electric. General Electric special General Motors. . General Motors pf.... General Motors 6% deb. .. . Genera! Motors 7% deb. ... . Gimbell Brothers. : Goldwyn Pictures. g Goodrich (B F) Company. Goodyear T & R pf.. Granby Consoliduted Great Northern pf, ... Great Northern Ore ctfs. 724 1% 43% 27% 67% 8% . 82% . 173% 11 14 81% 80% 98 4215 16% 25% 92% 17% 57% 27 17% 6% 72 82% 34% 13 62 31% 46 23 1i+++1 4111 50 37 Guantanamo Sugar. Guif States Steel. . Hartman Corporation. Hayes Wheel Hendee Manufacturing. Homestake Mining. Household Products....., Houston Oil. 2 Hudson Motor Car. G Huppmobile Motor Car. Hydraulic Steel Illinois Central, Tllinois Central pf.... Indiahoma Refining. Inland Steel.... Inspiration Copper. Internat Agricultura Inter Agricultural pf. International Cement. Internat Comb Engine International Har, new. Inter Merchant Mraine. Int Merchant Marine pf... International Nickel. .. ... International Paper...... Inter Paper pf stamped. .. Int Telephone & Teleg Invincible Oil. 46 91 82 9% 24% S I TR I T T O 27 69 68 23 11% 34% 54 115 52% 15 26% 20% 63% 119% 120 67% 10% 19 30% 60% 14 42% 8% 70 35% 243 40% 11 58 43 6% 6 66% 8% 13 13% 51% 89 80 49% 6 12% 25% 35% 8% 2% 4% 24 25 1387 26% 6 [t iz S I 23% 12% 34% 64% 66% 9% 18% 58% 109 17% 50 32 32 1% 95 1 87 3% 29% 34 54 50% 10 49 33% 223 55% 11 Jones Bros Tea. ... . Jones & Laugh pf 5 42% 23 199% 23% 8% Kansas City South pf. ... Kelly Spring Tire pf. Kennecott Copper. . 4% L] Keystone Tire & Rubber.. 5 % |ments 55 3 High. Kresge (S S) Company Lee Rubber & Tire. Lehigh Valley........ Liggett & Myers pf Lima Locomotive. . Loew’s. Incorporated Loft, Incorporated. Loose-Wiles Biscuit. Lorillard, P. 161 Louisville & Nashviile. 887%, Melntyre Porcupine Mines 116% Mackay Cos pf. 64% Mack Trucks. .. Mack Trucks 1st pf Mack Truck 2d pf Magma Copper. Mallinson & Co. Manhattan Elec Supply. Manhattan Elevated gtd Manhattan Shirt Market Street Railway. Market St Railway pr pf Marland Oil & Refining. Martin-Parry. Mathieson Alk. Maxwell Motor, Cla: Maxwell Motor, Class B. May L\opunmem Stores. . Mexican & Mexican Seaboard ctfs Miami Copper. . Middle 18 58% 113% 59 145 19% . 60% 114 61% 15 6% 42% Qr® k3 ||qqph—mn| 1 |..- ® S 3 me.w-”]u.q.!:. @ S n & Texus new...... Mo Kan & Texas pf new. .. Missouri Pacifi Missouri Pacific pf. Montana Power. Montgomery Ward. Moon Motors. Mother Lode Coalition. Mullins Body National Biscuit National Biscuit pf. . ational Cloak & ~——— Nat Department Nat Fnamel & St: mm( National Lead. . ... at Rwys of M Nevada Con C B New Orleans, Tex & ‘\(ex New York Alr Brake. New York Central ¥ York Dock pf.. YCh&StLpfwi. ew York, N H & Hart New York Ontario & W. Nerfolk Southern. orfolk & Western North Amerfcan. .. orth American pf.. Northern Pacific cotia S & C.. Nunnaily & Company Ohio Fuel Supply......... Oklahoma Prod & Refin. — Orphenm Clrcuit. Otis Elevator. Otis Stee! Owens Bottle. Pacific Oil. ... Packard Motor Car. Packard Motor Car pf. Pan-American Pet Trans.. Pan-Am P Trans Class B. . Penna Coal & Coke. . A Pennsylvania Rallroad. . .. Penn Seaboard Steel. People's Gas, Chicago. Pere Marquette Pere Marquette pf. . Philadelphia Company Philip Morris & Co. Phillips Petroleum. . Pierce-Arrow. . Pierce-Arrow pf.. Pierce Oil. . Pittsburgh Coal pf Pittsburgh & W Virginia Postum Cereal ceee Presced ulC r. Producers & Refiners. Bt Public Service 8% pf.. Pullman Co Punta Alegre Sugar. “*““H"’ !"“I“:Z*I'Hllll Railway Steel Spring: Rapid Transit w i.. Rapid Transit pf wi. Ray Consolidated Copper. Reading 1st pf. . Reading 2d pf. Reminiton Typewrite Replogle Stecl Republic Iron & § . Republic It & Steel pf. . Reynolds Spring. Reynolds Tobacco, B Royal D N r shs. PSSR n Franciseo. . . n Fran pf uthwestern. ... St Louis Southwestern pf. Savage Arms. . Schulte Stores. Seaboard Air Line. ... Seaboard Air Line pf. ars-Roebuck. Seneca Copper. . 921cShell Trad & Transport. 1 Shell Union Ofl. ~—— Simms Pntrul!um 1 Simmons Co... 2 Sinclair Con Oil. 8 Sinclair Con Skelly Ol oss-Sheffiel on. . South Porto Rico Sugar. .. outhern Pacific. iz Southern Railway. ... Southern Railway pf picer Manufacturing. ndard Oil of California. Standard Oll of N J Standard Oil of N J pf. Steel & Tube pf.. Sterling Prodgucts . Stewart Warner Speed Stromberg Carb z Studebaker. .. Submarine Boat Superior Oil. —— Superior Stee! - Tennessee Cop & Chem Texas Company. .. Texas Gulf Sulphur Texas & Pacific. Texas & Pacific Tide Water Oil. Timken Roller Bear. Tobacco Products. : Tobacco ProductsClass A. Tobacco Products pf - Transcontinental Oil Underwood Typewriter Union Pacific. : Unlon Pacific p: United Alloy Steel. United Drug. .. United Drux 1st pf. United Fruit. & United Railway Invest. United Rwy Invest pf. United Retail Stores. USCCIP & Foundry. USCIP& Fdy pf. U S Hoftman Machine.. U S Industrial Alcohol United States R & Imp USR&Imp pf e United States Rubber. . U S Rubber 1st pf USSmelt R & M. United States Stee! United States Steel pf.. Utah Copper. . Utah Securities. Vanadium Corporation. ... Virginia-Carolina Chem. . Va-Car Chemical pf....... Va Iron, Coal & Coke V Vivaudou. Wabash. Wabash pf A. Wells-Fargo. Western Elect ‘West Penn. . Western Maryland Western Maryland 2d pf. . Western Pacific. . Western Pacific pf. . Western Union Teleg. Westinghouse Air Brake. . ‘West'ghouse Elec & Mfg. . Wheeling & Lake Erie Wheeling & Lake E pf. White Eagle Oil. ‘White Motors. Wickwire Steel ‘Wilson & Co. ... —— Wiilys-Overland.... —— Willys-Overland pf. —— Wisconsin Central 8 Woolworth (F W). —— Worthington Pump. 1 Wright Aeronautical. .. .. 3 J 1 8 8 s 3 6 4 1 3 6 3 4 4 8 8 2 H 4 2 7 3 362 ® gl =] qq—r\a|m|m||| Sa5x * (,,... @ | o“ s% BM 24 55 18 8% 26 36% 113% 40% 10 184 16% . 56 . 107 81% 56% 7 LSS o] gl wnd § | | wanjo]on| |o] 21% ] 24% 27 250% 250 26 25 10 ek Dividend rates as given in the above table are the annual cash ts based on the latest quarterly or half yearly declarations. Unless otherwise noted, extra or nclal dividens are not included. t Partly extray 19% 59 114 60% — (REES R 2 1+ + Il Ee i+ 0} I Vll!l+|+| Week ending August 4, 1923. Net. Low. Close. C! . 220% 212 219% pay- High 103 02 101 69 100 80 10178 101 00 101 00 101 86 100 16 Hign 1021 1091 104% 108% 90 108 11031 11065 92 1100 {112% 1000 1:»\ | 3% Low. 94 84 96 00 95 60 96 00 95 54 96 74 85 86 98 90 Low. 99 98 9414 98 High. 10314 BONDS. mbcny '3144 1932-47 Liberty 1st 45 1932-47 Liberty 2d 45 1927-42..... Liberty 18t 4148 1932-47. . Liberty 2d 4%s M27 42 Liberty 3d 4%s 1 3 Liberty 4th 4%s Treasury 1%s 1947-52 Low. 100-8 97-10 96-12 96-20 1922 1928 Low 100 FOREI Argentine 7s 1927 Belgium 7%s 1945. Belgium 6s 1925 Belgium 8s 1941 Bordeaux 6s 1934 Brazil § Canada Canada 3 Canada 5s 1952 Chile 85 1946 Chile 85 1926. . Chile 85 1941 2% Chinese Govt Ry 111 ¢ 101 P ur. 100 95 Copenhagen 515 1944 choslovakia 8s 1951. rk 8s 1945. rk 6s 1942. . Dutch East Indies 6s 1947, Dutch French Govt §s 1945 French Govt T%s 1941... Holland-American s f 6s 194 Japanese 1st 4%s 1 Japanese 24 4155 1 Japanese 4s 1931.... Jergens Utd Margarine 63 Lyons 6s 1934. 3 Marseilles s 1934 .. Mexico 5s 1954, . exico 4s 1954 stherlands 65 1 Norway 8s 1940 Paris-Lyons-Med s 1958 Queensland 7s 1941 Queensland 6x 1947, .. o de Janeiro 8s 194G o Paulo, State of, ine, Dept of, 7 Sweden 65 1939 g iss Confed s £ 8 1940 United Kingdom United Kingdom DUSTRIAL AND MISCELLANE Amer Agri Chemical Tigs 1941 % Amer Smelt & Ref 1st 55 1947 % Amer Sugar Refining 6s 14 Amer Tel & Tel cl tr 55 1946 Amer Tel & Tel cl tr 4s 1929 Armour & Co 43%s 1939 Atlantic Refining deb Bell Tel (Pa) ref bs Bethlehem Steel p s 2 Bethlehem Steel s f 65 1943 Brooklyn ‘entral Leather Cerro de Pasco Chile Copper 6 19 Cons Coal (Md) 1st ref 5s 1 Cuba Cane Sug cv deb $s 193( Detroit Edison ref 6s 1940. . Du Pont de Nem 7328 1931, mpire Fuel & T%s 1937. jeneral Electric deb 55 1952 sodrich (B F) 635 1947. Jodyear Tire 8s 1831 sdyear Tire s 1941 umble Oil & Ref diana Steel §s 195 ter Mer Marine 6 ter Paper 5s B 1947 ew York Tel 4 ; orth American Edison 65 1 wcific Gas & Elec acific Tel & Tel 5 3 *hiladelphia Co ref 65 1944. Jlic Service s 1959 ‘lair Oil 7s 19 Juth Porto Rico Sugar Union Bag & Paper 6s D United Drug cv §s 1941.... Rubber 1st & ref 5s 1947 Steel s f s 1963 Utah Power & Light Va-Carolina Chem s f 7 “a-Carolina Chem 71is stern Union Tel 65 1936 Wilson & Co 1st 6s 1941 Wilson & Co cv 7 RAILROAD, 4 Atchison gen 4s 1995.. antic Coast 1 to & Ohio pr In 31 to & Ohio gold 4 to & Ohio Balto & Ohio Balto & Ohio ref &0 Pitts L s 1925 1948.. 519 anadian Northern 6 Janadian Pacific deb 4 Clinch & Ohio 55 193 Central Pacific 4s 1943, Chesapeake & Ohio c Chesapeake & Ohio gn 413 ago & Alton 3s 1949 4 Chicago & Alton Chi B &*Quincy 1st ref 5s 1 Chi & Eastern Ill gen 5s 1951. Chi Great Western 4s 195 Chi M & St Paul ref 4%s Chi M & St Paul ev Chi M & St Paul ev 4%s Chi M & St Paul gen 4 Chicago Railways 5s 19 Chi R T & Pacific ref 4s 1854 Chi Union Station 43%s 1964. Chi Union § s 3 Chi & Western Ind con 4s 1952 CCC &StL ref 65 A 19 Cleveland Term Kt Cuba R R s 1952. Delaware & Huds Den & Rio Grande con 45 1931 Den & Rio Grande 1st ref 5s 1955 Detroit United 43:s 1932. ri 1st con 4s 1996 rie gen lien 4s 1996 rie cv 4s A 1853 rie cv 4s D 1953.. % Grand Trunk s f deb 65 Grand Trunk 7s 1940. Great Northern gen 7s 19 5 Great Northern gen 5s 1952, .. Hudson & Manhattan ref 5s l¥57 Hudson & Manhattan adj o 19 Tilinois Central 5%s 1934 Inter Rapid Transit Gs 19 Inter Rapid Transit cv 7s 1952 * ]H(Er & Greaz Nor adj 6s 195 Zan C Ft Scott & M 4s 1936 . Kansas City Southern 3s 195 Kansas City Southern 5s 1950 Luke Shore 4s 1928. Lake Shore 4s 1931, Lehigh Valley 6s 19 i Louis & Nash unified 4s 19 Louid & Nash 1st Market St Ry con s 1924 . Mil Elec Ry & Lt 1st ref 55 "61... M St P&SS M 6s 1931, Mo Kan & Tex 1st 4s 1990. ... .. Mo Kan & Tex pr In 58 A 1962. . Mo Kan & Tex adj 5s 1967 1; Missouri Pacific 6s 1949. Missouri Pacific gen 4s 19 Mex inc 5s 193 “entral deb 6s 1935. . ew York Cent deb 4s 1934.... ew York Cent ref imp 5s 2013 N YNH & H cv deb 65 1948, N Y West & Boston 4%s 1946. .. Norfolk & Western con 4s 1996. Norfolk & Western cv 6s 1929. . Northern Pacific 35 1947. Northern Pacific 4s.1997. Northern Pacific ref imp 65 2047 Ore Short Line gtd 5s 1946 Ore Short Line ref 4s 1929 Ore-Wash 1st ref 4s 1961. Pennsylvania gen 5s 1968. ... Pennsylvania gen 4%s 1965. Pennsylvania 61zs 1936. .. Peoria & Eastern inc 4s 1990. Pere Marquette 1st 5 Reading gen 4s 1997 Rio Grande Western It 45 1943, RIArk & L 4%s 1934.... 2 sv.LxM&sR&t;ds 933. St L & San Fran prin 4s A St L & San Fran pr In 5s 1950. St L & San Fran inc 6s 1960 St L & San Fran 5s B 1942, 4 St L & San Fran adj 6s 1956 Seaboard Air Line ref 4s 1959.. Seaboard Air Line adj 5s 1949. Seaboard Air Line con 6s 1945. . Southern Pacific cv 4s 1929. . Southern Pacific ref 4s 1955 Southern Pacific col 4s 1949 Southern Ry 1st 5s 1994. Southern Ry gen 4s 1956..... Southern Ry dev 6ls 1956. Third Ave adj 5s 1960. ... Union Pacific 1st 4s 1947 Union Pacific cv 4s 1927. Virginian Ry 1st Gs 1962 ‘Wabash 1st is 1939 ‘Western Maryland 4s 1952 ‘Western Pacific 5s 1946. ‘West Shore 1st 4s 2361.... £ 515s 2003 . FINANCIAL. High. 100-13 100 98. 98-4 lose. 102% . 100 Tow. 98-1 98-2 High. 1025 100% 96 100t 96! 100 101% 991 104 w Last 100-1 | BOND SUMMARY FOR THE WEEK | 1922 1928 Yield, 350 109% { 1 107 4 101% 911 1015 | 'ORDERLY DECLINE - IN STOCK MARKET First Session After Death of President Sees Reaction in Price Quotations. *|PIVOTAL SHARES WEAK vent Serious Results—Grist of Sellmg Orders. | By the Associated Press. W YORK, August 4.—A moder- ate reaction marked the resumption of] in today's stock market, the ion the death of Presi- dent Harding. A heavy accumulation |orders coming from timid nd professional speculators for th lica ns of 1 tg > point th of the usual leaders with a few other issuc sh 3 to 4 poi bud t become wide open) since of selling investors acc ccline in recess initial sales wing losses of aks did n at any time br Support Checks Decline. - splendid resistance shown jusi Thursday's clo: evels indi the presence of substantial sup orders, which kept the decling k. Confidences increased ding progressed and the main tren unward towards ihe as most eff s in mo; rriers were were suttici - of twenty 1 to new ground for the Pivotal Stocks Break. down on. ts below Thure Houston O id Foundry eac but recovered before th nal and Am broke four pa g00d par Close were rg . Supp. Stre -r and roe ach showing net losse two points on the day exchanges were firm. De ling ady around advanced 51} her Europears 1 gains BALTIMORE PRODUCE. BALTIMORE. Md., August 4 he market for natlve an garden truck is easy on mos s quoted. with receipts runnin nd dem easily satisfied te farm produce {however ry in order (4 ibring | hd growers and shippers are learning tha g top-of-the-marke: sizes of potatoes o n and was selling 1 limas 1.50 basket in e sket n_ an apply * favor, Cabbage wil dred. but ng top prices corn sellin while V nia sells 10 bers are running fairly 10 45 a basket, while in on roderate receipt good demand at 1.00 a basket. Pepper and squash. both in pientiful suppiy {and movement on at 10 to 2 basket f he nd for the latt {increased in re (Spe mixed bushel and to 1.00 per scarce and Hutte d demand Beets anc and price 00 to 7.00 bring 6.00 00 4 hu takes qualit is 12 to doze to 2 1ibera plants and in former Tomatoes with tuff nue in 7 1.50 a bushel a per hundred pound for new 1y receipts rate and dem ns conti 00 a bushel Bag lots ar per hundred pounc price for No. 2 Maryland and Vir lots are selling and 3.00 to half « { while culls 941 9114 { 1015 85% 897 1053 | 1013 .J 39‘\ 1073 21 94 ok | 67 % i \which rhe general with vatues a shade higher rate receipts of strictly stock. A number of commission me: report some very poor stock coming i from certain nearby sections, the ege showing that they have been held tod it _under the candle, whil athered native and nearb; brin. cents a dozen, have shown fresh la e s will nber of tock will not only not bring top qud ons. but should not be shipped, a nthorities here threatened prosecutio {of shippers sending such eggs to th! {local market { The live poultry market rules stead. ‘ln firm under moderate receipts o chickens generally and especial iyoung springers 2 pounds and ove iwhich are in very light receipt and fol there is ready sale at 34 pound, w ght to to 33 and leghorns, nd_for 1 fairly good at {medium are in a mes at ample supply and draggy neglected ith old ducks zenerally _for pigeons continues dul IA( Z“ to a pair for both young and ()ld. but some demand noted for youn gu’lnca. fowl at 50 to 75 each. i BIG DIVIDEND PAYMENTS [Fall River mms sthulse Total | $677,675. | FALL RIVER, Mass. August 4.- | The dividends paid out by local textil yns in the third quarter ding to figures furnish ards & Co., reach ed a total of $677,675, which was di tributed on a capitalization of $43, H 000, an average of 1.575 plus p t This amount compares favo! v with that of the second quarte he tendency during the quarte |just_ended has been to' maintain th |average rate of 6 per cent if possibl. although in order to ac(‘"nlpllsh thi lend the great majority of mills ha been compelled to pay their dividend {from accumulated earnings. COTTONSEED OIL DROPS. EW YORK. August 4.—After star| ling steady with cotton, cottonseed « ed under old crop liquidation ar selling Induced by the break i products. September closed points lower and later months 1 to net lower. Sales, 5,500 barrels. Prim| crude, nominal; prime summer yec! Tow, spot, 9.25a10.00; September. 9.3¢ December, March, 8.40, ull bi