Evening Star Newspaper, August 6, 1923, Page 18

18 AALLY IN STOCKS MARKET FEATURE FIN 3aturday Decline, Due to Weakness in Rails, Quick- ly Reversed. BY STUART P. WEST. Special Dispatch to The Star. NEW YORK. August 6.—The action f the stock market today bore out he analysis of the Saturday decline. hat it was a sympathetic ompanying the weakness in rail- stocks. Right at the opening became evident that movement a his morning it ve pressure had been lifte and thereupon the whole irted in to rally. Within les hour Northern Pacific been of the of weakness, was up the Saturday low. and hern preferred nearly the only took a few hundre: hases to put Union Pacific i above against its bottom figure of 1241, This demonstration of the scarcity of the floating supply scared bear traders 5 Leaders in the Advance. The leaders of the advance among the industrials were either stocks which had shown most consistent <upport during the recent unseftle- nent or else stocks which had been Iriven down most severely and in vhich there was supposed to be the heaviest <hort interest. 1In the first Category were American Locomotive ind_American Can._in the second tocks Crucible Steel. 1 Rub har and the sugars. There very ttle Punta Ale Cuba Cane pre- rred and Cuban American for hen the shorts tried 1o cover. More r0tice was taker fact that the earnings of th mpanies have affected only v the de- line in Cuban ra % to 41 cents, inasmuch as fully three-qua ters of the holdings of these com- panies were marketed at the favor- able prices the late winter and early spring. Even American Sugar, although representing the _refining, which -en hit by the break in the raw product, ran up quite sharply. Another Prompt Comeback. Another group which has a record for promnt fter peiods of geneal mark lived up to its reputatic s was the : of publ Ameri- list than ails n tad points one principal ame. Tt hare pur Wit from the ! which | three { ANCIAL. Open. 69 6% " 39% 687 29% 25 . 86h . 109% 10% 4% 16 A% 914 T 84% 18 10% 174 1% 42% 8% 5% 11 55 . 95 . 134 . 844 5839 101 17% 122% 143% 143 350 Adams Express. Ajax Rubber. Alaska Gold Allis Chalmer. Allied Chem.... Am Ag Chm pf.. Am Beet Suga AmCan.... Am Can pt... Am Chicle Co. .. i Am Cotton Of1.. Am Cot Oll pf... Am Drugsist. .. Am Express.... AmH & Leath.. AmH & Lea pt.. Am Internatl... Am La France. . ‘Am Linsced . Am Locomotive. | Am Metals. . { Am Radiator. .. Am Safe Razor. Am Ship & Com. Am Smelting. Am Smelt pf Am Snuft Am Steel Am Sugar. . Am Sugar pf. Am Sumatra. ... Am Tel & Teleg. Am Tobacco. ... Am Tobac (B).. Am Water Wks. Am W W 6% pf. Am Woolen. . Am Woolen pf.. Am Writ Prof.. Am Zinc & Lead. Am Zinc&Ld pf. Anaconda...... Ann Arbor pf. Atchison....... { Atian BIr & At1. { Atlan Cat Line. . Atl Fruit ctfs. .. Atlantic Gulf... { Austin Nichols. . Auto Knitter. .. aldwin Loco { Bulto & Ohio. angor & Ar pf Barnesdall (A) Beth Steel. . Bklyn Edison. .. Bkiyn Rap Tran | Bklyn R T ctfs. . Bklyn Rap T fp.. Buff Rch & Pitts Burns Bros (A). Butte Copper Butte & Supel Butterick. . Calif Potrol. Calumet & Hecla Canadian Pac Central Leath | Cent Leath pt | Century Rib Mil | Cerro de P: . ! Chandler M from sources osition to know, s that there has to hold up the price, the stock has Kept strong break simply bes 3 demand | al- Whatever carefu are lowever, heen 1 that through the the new investment ways sufficed to I;n.,\uny amao was offered A ar ‘there has been little to learn from the market course of this group. Prices have been very steady for a month past, but with littie ap- preciation in price. While specula- tive bonds have been declining an while stoc have been reacting there has been no weakness in these monds. although there has been little evidence of institutional buying. Five Points Above Year's Low. Atchise inquiry . They sold tod ‘ sint over Saturds and than five s up this year ~rn Union today within 3 of the year and over 3 the low. U. S. Steel si are selling about half way hetween the high and the low for this vear. These instances are as yet too few of the high points above king fund 5s in number to enable any general con- | clusion to be drawn, View of Forelgn Issues. the foreign department higher were recorded for French 8s Both are now selling not their price of a month ago, notwithstanding the fact that s month news from abroad very discouraging an been moving toward lower zn bonds reces- is of ried there Joth these n s hich are and of siderable for fore more specu of 147 buyving <sues he ity tirm Sp regular, but ad bonds were - mostly a little higher. Among the indus als Hershy Choco- late gained fractionally There was no important change among the libertys Mid-Afternoon Gains. The high prices of the day were reached midway through the after- noon. At that time steel common above 8§ was back to where it was elling a week ago. Bethlehem Steel vas- in the same position at 48 and Baldwin Locomotive and Studebaker up over 3 points from their lows. In the last hour. however, fresh selling ‘pped out in some of the rails. St ul common was driven down below 15 for the tirst time and St. Paul pre- arred came off sharply. This \ reaction among the other north- western rails, which spread to the vailway list in general and checked the raily in the industrial division SHARP TURN IN MARKET. Comparative Scarcity of Stocks at High Level Assigned Cause. BY STUART WEST. Special Dispatch to WALL STREET, NEW YORK. August 6.—The stock market turned sharply upward this morning. The rapidity with which the leaders of the list ran up a point to 2 points showed the comparative scarcity of stocks around the recently prevail- ing price level and the ‘extent to which bear operators had Influenced the late decline. The general had gone down on urday in pathy with the weakness in the rails When this weakness ceased today and such weak spots as Pacific regained 3 points than an ur short se up their minds that it was time to cover. American Locomotive and American Can were the leaders of the advance. American made a new high above 72 and Amer- jcan Can was up over 2 points. There was an_equally quiet re- versal in such favorites as Stude- baker and Baldwin Locomotive. Stocks like the United States Rub- ber and Kelly Springfleld, which had been under particular pressure, re- bounded swiftly and so did the In both groups the outstand- ort interest was large. NEW YORK DRY GOODS FIRM. Special Dispatch to The Star. NEW YORK, August 6—The cot- ton cloth market opened a new week today rather optimistically. Prices were firm. Mills were quick to de- cline offers at less than the current market levels. The government's re- port on raw cotton last weeek. fore- asting a smaller crop than expect- ed, bolstered up the trading. Print cloths held to Saturday's levels, the 54 by 60 being quoted at 8% cents and the 68 by 7 cente. Sateens remained dull, but interest quickened in sheetings, pajama checks and drills. Oriental raw silk continued climb and trading here was acti Yokohama reported good busine: with 1,000 bales sold. Quotations Tere were XXA 13-15 denier, 7.85; XXB, 7.76; extra, 7.50; best No. 1X, 7.40; best ‘No. 1, 7.35; Kansai No. 1, 7.30; XXA 20-22° denier, 7.90; Canton ;14-18,7.10, ‘and Canton’ 20-23. 6.60. to zeneral 4s are bonds typi- led to list | Locomotive | Chesap & Ohio. . | chi & Alton pt.. | Chi & East Il | Chi Grt West.... | Chi Great W pt. |Ch\ Mil&StP... 1 Chi Mil &St P pt. {Chi & Northwa. Chi Pneu Tool.. ChiR1& Pac... Chi R1&P6% pf. Chi R I&P 7% pt | ChiStPM &O.. Chile Copper. Chino Copper Cluett Peabody. {Coca-Cola. ..... i Columbia Gas. . | Columbla Graph Columbn Carbot Com Solv (A)... { Com Solv (B) 604 6l 45k 90% 119% 31% 59 85% 24 95 9 36 4 29 . 22% 104 113 102 4% 13% 115 Cone Gas of | Cons Textile. i Corn Products. . | Cosden & Co. Crucible Steel. Crucible Stl pf.. Cuban-Am Sug. Cub Am Sng pf. Cuba Cane Sug.. Cuba Cane S pt.. Cuban Dom'can. Davidson Chem. De Beers. ... ! Del & Hudson D Lack & West. 1 Detroit Edison. Dome Mines. ... { Douglas Corpn. {Dupont (ED)... | Eastman Kodak | Elec Stor Bat. .. | Endicott-John. . | Erie { Erie 1st pt Famous Players | Fa Mines&S pf.. { Fifith Ave Bus.. | Fisher Body. | Fisk Rubber. Fleishman. Foundation Co. i Gardner Motor.. Gen Asphalt. Gen Clgar. . Gen Electric. .. Gen Motor: Gen Mot 65 Glidden . Goodrich. ... . Goodrich pf. ... Gt Northern pf Great Nor Ore. Greene-Canan. . Guantana Sug. . Gulf St Steel. Harbishaw Cab. Hartman Corp. . | Hayes Wheel Hendee Mfg. . .. Househ'd Prod. Houston Oil. . Hudson Motors. | Hupp Motor: i Illinois Central. 106 { Inland Steel. 82 ! inland Steel pf.. 99 Interb Rap Tr... 11% {InAgChempt.. T4 In Combust B... 21% Inspiration. 28% Int Harvester... 73 Int M Marine pf. 22% Int Nickel 1% intl Paper 82 Int Tel & Teleg. 66% Intertype Corp.. Invincible Oil ! Iron Products. . iIron Prod ctfs.. { Island O11 jJdones Tea...... i Jones & L'gh pf. 109 { Kansas & Gulf. . Kansas City S.. | Kansas C So pf | Kelly-Spr Tire Kennecott. Keystone Tire. Kresge (SS). Lehigh Valley. % 17 50% 30 33% 4% 214% Loews Inc. Loftinc..... | Magma Copper Manati Sugar. { Marland Ofl. { Martin-Parry. 3 Mathison Alkili. 41 | Maxwell (A)... 39 | May Dp Store 7438 McIntyre Por... 16% | Mex Seaboard.. 10% | Miami Copper.. 23 Middle StOfl... 6% Midvale Steel... 24 Minn & StL(n). 1% Mo Kan & Tex.. 10 Mo K & Tex pt.. 26 Mo Pacific. 10 Mo Pacific p! 27 Montana Power. 59 Montg’y Ward.. 187 | Moon Motors. 20% Motner Lode. 9% Nash Motor: 93 Nat Biscult 41% NatlLead...... 118 Nevada Copper. 42 48 1 % 1% 1% High. 69 6% % 39% 64 30 284 88% 109% 10% 514 3 4% 92% Tl 344 18 10% 17% 73% 42% 78 53 11 56 96 134 341 604 101 19% 122% 1454 594 98 213 4 4% 9% 15% 27% 63% 80 207 624 73 57 26% 171 64% 76% 3 i 4319 32 7 61% 64 464 0% 120% 321y 61% 85% 25% 95 101 37% % 29 22% 104% 18 103 34% 13% 116% 106% 55 653 124 19% 14% 66% 28 9% 33 32 % 57 109 W 174 501 31% 33% 4% 214% 60 614% 15 6% 2% 88 29% 46 30 27% 41 39 164 11 23 6% 24% 19 10 26% 10% 27 59 19 2% 9% 98 3915 62% | I NYNH&Hart(d. { Penn Seabd Stl. | Pere Marquette. | Pere Mrq pr pf THE EVENING STAR, WASHI Open. 84y 80% 961y 7 88 38 1% 15 L 101% 21% 44 58 81 17 115 8 41% 76% 32% 12% 59 574 2% 214 404 71 60 41 66 2i% 8k 2% 25 OrTex & Mex. Y Air Brake. . N Y Central NY Ch&StL ctfs. NYC&StL pf(n). N Y Dock pf.... N N NY O & Westrn. Norf & Western North Amer. Nerth Am pt. North Pacific Nunnally Co. . Orpheum Ctreuit Otis Elevator. Otis Steel. Owens Bottle Pac Gas & Elec. Pacific Ol Packard Motor. Pan-Am Pete. Pan-Am P (B) Pennsylvania Pere Mara pf. .. Philadelphia Co Phillips Jones. . Phillips Pete Pierce-Arrow Pierce Oll. ... Pierce Oil pf.. Pitts Coal Postum Cereal Pressed Stl Ca Pressed St pf. Produc & Ref. Pub Service. Pub Serv 8% pf Pullman Co Punta Alegre. Pure Oil Railway Rapid Tran Sec. Ray Con Copper Reading 5 Reading Remington. .. Replogle Steel Rep Ir & Steel. Reynolds Spr. Rey Tobac (B). Royal Dutch | | 225 185 105% 324 98 1% 8y4 21% 273 3% 22% 11% 824 66% 28 9% 31% 82 % 174 57% 109 ) 17% ! Uniononl... St Joseph Lead. St L & San Fran St L&San Fr pf. St L Southwn. St L South pt San Cecll Sug. Savage Arms Schulte Stores. Seaboard Alr L. Seabd A L pt Sears Roebuc Seneca Copper. Shell Unlon. Shell Union pf. Stmmons. . Siimms Petrol. Sinclair O11 Skelly Ofl Sloss-Sheffie South Pacific 55 2 21% 95 5 8% 72 e 15% 91 0il of Calif. and Oll of N J. 3813 Steel & Tube pf. 108 Stewart-Warner 8415 Strombg Carb. 64% Studebaker. Submarine Bt. Superior Oil. . Sweets Coof A.. Tenn Copper. .. Texas Company. Tex Gulf Sulph.. Texas & Pacific. Tex & P C & OIl. Third Avenue... 10 Timken Bearing 37% Tobacco Prod... 477 Tobacco Prod A. 79% Tobacco U'ro pf. 1091 ‘Trans Cont Otl. . o4 % 5% 48 168 Union Pacific Utd Dyewood United Fruit. .. United Ry Inv Utd Ry Inv pf... U S Cast I Pip: U'S Food Prod U S Hoffman M. U'S Indus Alco. . US Realty. U S Rubber. US Rub 1st pf US Smelt&Ref.. U S Steel. U S Steel pt. Utah Securitie: Vanadium Corp. Va-Car Chem. Va-C Chem pf ¥ “hem (B). 15% 47 | Vivadou. { Wabash.... Wabash pf (A). Waldort (new) . Western Md. West Pac pf. Western Union. 104% Westhse EI&M. 65% Wheel & LE pf.. 11ls White Eag Oil... White Motor. White Oll. Wickwire. Willys-Overld.. 74 Willys-Overl pf. 66 Woolworth. ... 234 Worthington. 27 Call Money. ... 11am. ipm 169 100 7100 Interstate St Dakota, and Iowa, Mississippl valley. pared with decrease June. dend. Sante Fa crop needed all and cotton. Corn, doing well. o 504 31w 83% 4% 2144 6 61 % 6% 2% 8 16 ! 29% 41 38% ki 16% 11 23 6% 24% 1% 10 26% 10% 26% 67% 19 21% 9% 93 42 113 1% Commerce has held as justified proposal Paul and Chicago Northw raflways to Increase rates on grain and grain products from points in South North Dakota, certain Missiesippi Ohio river crossings and points in the High. 84% 31 974 n 88 38 12 15 101% 21% 444 57% 84 17 115 R 42 6% 334 125 5974 1137 46% 17% 102 ) 10% Tith 5219 3% 1 44 3214 109 B6% 65% 103% 7' 3 1% 8% 41% 574 15 9 10 874 477 801y 1094y 5% 43 163 87% 28 5% 3 16 47 93 89 94 2315 884 « 116% 11 234 48 1% 7 e 68 234 27 High, 5 Reported poor earnings of railroad is causing weakness in stock. e of Lanston Monotype Company clared vegular quarterly reports over southwest n the of wheat to the gulf in Ju cent larger than last vea was light. where they can. $1 NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Close. 844 30% 97 6915 1ow. 84% 30% 96% 69% 88 88 C 1% 15 101% 21% 4% B55% 8y 17 115 ™% 4% 761 32% 1213 58l 56" 4215 2% 40 71 60 44 554 21% 84 20 254 584 48% 49 90 29% 424 99 113 44% 17% 102 124 104 52ts B1% 10% 241 | changed T i erably | Comp | companie: ‘opened j 48% 'ed to 1 points net higher. 81% | 1073 843 64 101% 7% 3 1% 874 40t B6% 14t 8% 10 2Th 4T 791y 1094 5 109 854 66% 103% 87 41% 5714 15 48 168 8 27% 25 15% 464 93 374 94 23% 86y 1164 15 6 46 91 23% 884 15 29 813 204 1l 23% 48 13 7 s €6 234 27 Low. 4 HOURLY SALES OF STOCKS. 12m 234 900 351400 Market Flashes at Today’s Close St. Paul ommission of the tern Minnesota and United States Steel's unfilled ton- nage statement for July will proba- bly show a decrease approximating | 400,000 tons in business on hand. com- 595.090 in as de- 0 divi- sav rain for corn whole, Movement 100 per when it Farmers holding wheat Business will be suspended on_the New during funeral, later. Friday the which will York Stock Exchange hours of the Harding be floor announced The exchange will be closed Floor brokers are now re- imr(m( a_scarcity of etocks, t making more difficult for any large line 29% | of shorts to be covered without bid- ding up prices. There is no important fresh news 271 | OF Bossip on stocks, except the gen- eral comment that the market's specu- lative position looks well, from its actions today. There is as position liquidated onsequence more dis- to favor purchases of se- lected assured dividend paying stocks. especially in the event of any renewed weak periods. CHICAGO STOCK WARKET. CHICAGO, August 6.—Following is a report of today's sales, high, low and closing quotations at the Chicago Stock Exchange : ales. R0 Armour of Del pf Armour of il pfd 10 Commonwealth Ed 515 Hupp Motor .. 200 Middle West Utii. 75 Standard Gas com 825 Stewart Warner. 280 Union Card & Cai 85 Yellow Mfg B. Total sales, 15.000 igh. &7 74 128 is Low. Close. is Cotton damaged in Texas | and Oklahoma by weevil Lot | price. TRADING IN BONDS DISTINCTLY FIRM Dullness Prevails in l!w:t, But Attention Paid to Gilt- Edges. BY GEORGE T. Special Dispateh to The Star. W YORK. August 6—While trading was dull. today's bond mar- ket was distinctly firm and espe- cially in the high grade securities. Much attention is being vald just now to the action of the so-called glit-edged bonds, The theory Is that in the event of business reaction in tho fall. capital would flow iInto these bonds and cause an advanca !n the Any cheapening of money would have the same effect. But brisk business and augmented de- mand for funds would react unfavor- ably upon the quotations for the highest grade of securitie; STEEL OUTPUT AT PEAK. HUGH U. S. Corporation and Independ- ents in Shenango Kept Busy. SHARON, Pa.. August 5.—Peak pro- duction is being maintained by the United States Steel Corporation mills and virtually all of the independents in the Shenango valley. There has been a siight curtailment of orders, but anless there are unexpected cancellations, mills can run through to the end of the vear. Pig iron productions has been consid- reduced by the closing of sev- eralstacks. Fabricating plants. with the excep- tion of the Sharon I'ressed Steel Com- pany, are working at 100 per cent. The Pennsvivania Tank Car plants are busy making tank cars and repairing ri road « e Petroleum: Iron Works as booked some huge orders for some of the lu oit in the midcontinent s e VISIBLE SUPPLY OF GRAIN. NEW YORK, supply of following changes: Wheat increas 7,844,000 hushels, corn increased 49: 000 - bushels, oats decreased 235, bushels, rye decreased 356,000 bushels, barley incre: 000 bushels. 1 tanks SUGAR MARKET QUIET. W YORK, August 6.—The early market ‘was quiet and in th of ‘business prices were un- at 415 for ¢ cost and cqual to ¢ itrifugal raw su market ened firmer and advanced 7 to 13 points on covering buying fo Wall street and e rn' aorout ward midday, howeve and prices rea ar absenc frei The it, rc futures ed undes alizing. with noon values unchang Th Was no improvement in the demand for refined sugar and prices were unchanged at 7.80 to 8.00 for fine granulated. Refined futures were nominal 1| WHEELING AUTO CLUB TO OPEN PICNIC GROVE Special Dispateh to Tie Star. ZELI W. Va. August 6.— new picnic grove of twenty every modern improve- for outing and recreation, will be opened by the Wheeling omobile Club. The grove is loca five miles up the Middle Wheeling Creek valley. and is being opened in with the club’s campaign W members. of the real be valley. It h outdoor kitchens, benches, pavilions acres. ment with conne, for 1 It 00 1 is on the O water supp bles, vhairs uty spots pure ta- and ‘other improvements. and for recrea- | tion. | me 93 | bership® a | 116% | | hope la tennis courts, wading _poole. ball grounds. horseshoe swings and Here. on' August the clo day of the big mem- ve. a basket picnie will which the club directors greet thousends of new base 5 be give to members. Berwyn-Branchville. )l: August 6 ¢ of the laying of BRANCHVILLE (Special).—The {the corner stone of the new Berwyn | will | | | ! { Manning, lresented at th feraft, school h 5. s been advanced to Septem- ber ake possible the attend- ance of Dr. Albert S. Cook, state sus perintendent of schools. who will be the principal speaker. The program include addresses by Nicholas superintendent of schools for seorges county; Dr. Albert F. Woods, president of Maryland Uni- versity; a representative of the county board of education, yet to be announced, and Dr. A. O. Etlenne, chairman of the local board of school trustees, The county school board has ap- pointed the following teachers for the Berwyn School for the fail term: s. A Miss Orem Prince Letty Long, Miss Juliana Miss Hazel Wright and Mrs. Lillian C. House. Mrs. Mary B. Culbertson has been named for Ber- wyn Heights School Grange to Meet. Beltsville Grange will be well rep- uvarterly meeting t Chillum Thursda jion from Hy {attsville to the hall will be provided business ' time for the morning meeting at 10 o'clock. Dinner will be served at noon by the ladies of Eureka Grange, to be followed by an open meeting at 1:30, when a pro- gram of general interest to rural and suburban citizens will be given, The August meeting of Branchville Citizens’ Awsoclation will be held next Wednesday evening at 8 o'clozk at the echool. About twenty-five members attend- ed the regular Friday meeting of Boy Scout Troop No. 114 of Berwyn. Judge J. H. Shepherd and Sergt. Mc- Manus_of the citizens' committee were also present. Six new members were received on probation and John Bowle was initiated into the “tender- foot” class and presented with a badge of that rank. Members of the troop recently returned from a two weeks' visit to Camp Roosevelt re- ported a pleasant and profitable time, with boating, bathing and fishing. in addition to the various lines of scout On suggestion of Judge Shep- herd. it was decided that the Scouts would -undertake the coMection of waste paper in the community, with the twofold purpose of habits of cleanliness and orderliness and of raising funds for the purchase of pictures and equipment for Scout quarters. Each Scout will report weekly tho amount he has collected. This_will be sfored and later dis- posed of. This Is in emulation of the Salvation Army, which recently erect- ed a building at a cost of $30,000, all derived from the sale of waste paper. R S i No One to Suspect. From the Popular Magazine. The town council of a little German community out in Indiana had assem- bled in a chapel preparatory to in- wofferiags | B. Matzen. Miss Ruth Jeffer- | inculcating { — ON NEW YORK [ S Received by Privata *Nire (Sales are in $7,000) Lib 2d 4s Lib 1st 438 s Lib 2 98-2 d 434 98-26 98-29 98-4 987 " 9919 99-20 FOREIGN. Sales. High. . 5 101% 89% 100 100 110% 871 Low. Close. 101% 101% 887 89% 99 99% 99% 99% 110% 110% 8T 8% 76% 6% 8l 8% 96 96 100 100 99% 991 101% 101% o 99% 99% 99% 99% 103 103% 102% 102% 102% 102% 109% 109% 88% 88% 9% 99% 92% 924 109% 109% 96% 96% 92 92% 96% 974 96'% 96% 877% 87% 96 93% 92% 80 96% 92% 80% 75 6% %6 b2 Argentine 7s Austria 7s ctfs Belglum 7%s. .. Belglum 8 Brazil Ti48 Canada Bs 1926 Canada 6% 19; Cavada bs 1931 Canada bs 1952 Chile 85 1946. Chile 88 1926. . Chile 85 1941.. Christiania 8 : Copenhagen 5!z8.. Cubab%swi Czechoslovakia 8s. Denmark 8s . Denmark 6s.... Dutch E16%s Dutch East I 63'47. Dutch East I 65'62. Framerican 7%s. . French Govt 8s. ... French Govt T%s. . Haitl 68 ctfs. .. Holland-Amer 6s. . 93% 2% 80 98% 924 80% 5% Japanese 2d 414s. . Japanese 4s . Jergen U M 6s'47.. Lyons 6s. Marseilles 68 Mexico 58 Mexico 48 : Montevideo 7s. .. Netherlands 68 Norway 8s. Norway 6s. o Orlent Dev deb 6; Paris-Ly's-Med 6s. Prague 7348 o eSS n i a D ———— Queensland 7s. Queensland 6s. Rio de Jan 85 1946. Rio de Jan 85 1947. Rio Gr Do Sul 8s Sao Paulo,City, i Sao Paulo,Stat ine, Dept o ciss Confed 8s. |Ud Kingm 5125 Ud Kingm 5135 '37. Ud Steam Copen 6s Uruguay I MISCELLANEOUS. 1Am AgrChem 715 6 974 AmChainsf6s'33. 2 941 Am SmIt&R 1st8s. 7 90% Am SmIt&R 65 2 101% Am Sugar Ref 6s.. 21 102 AmT& Tcevés.... 4 115% AmT&Tcltrbs.. 31 9T AmT& Teltris.. 22 92y Anaconda cv db 7s. 22 100 Anaconda 18t 6s... 57 97% Armour & Codlys. 3 B4 Atlantic Refin 5s. . 984 Bell Tel Pa 68 rcts 9714 Beoth Steel 5125 '53. 904 Beth Steel pm bs. . 87% Beth Steelsf6s... 98 | Bklyn Edison 7s D 109 | Bklyn Ed gen 5s. . { Bush T Bldg 5s '60 | Central Leather 5s Chile Copper 6s. {Commonwth P 6s.. Con Coal Md 1st 5s. Cuban-Am Sug Ss. | Cuba Cane cv d 8s. Det Edison ref s6.. 14 Diamond Mth Tgs. 3 Du Pontde N 7%s. Duguesne Light 63 E Cuba Sug T%s. .. Empire F&G Thas.. 14 Gen Elec deb5s.... 6 Gen Refracties 6s. 1 Goodrich 6% . 8 Goodyear 851931, 11 | Goodyear 85 1941. . Hershey 651942.... 18 Humble O&R & 2 {Ilinois Bell 1st bs. 151 | Indfana Steel 5s. .. | Int Mer Marine 6s. |Int Paper 1st 6 A. IKCP&LtosA" | Lizgett & Myrs bs { Lorillard (P) 58 | Manati Sug st Mer & Mersf s 4 Mexican Petrol 8s. Midvale Steel 5s. .. 10 Montana Power 5s. 13 Morris&Co 1st 438 11 Nat Tube 1st bs New Eng Tel 5s... N Y Edsn 1st 648, NYG EL H&P 68 a7 944 90% 1014 101% 115% 97% 92 99% 974 £4 98y 97 89% 1 8744 10° 9014 10414 105% 108 104 97U 904 100% 98 9984 115% 98% 974 944 10 12 PasT& T 535 Phila Co ref 6s jPunta Alegre 7s | Sharon St H s | Sinclair Oil 7s. . | Sinclair Oil 6% w i£'a Crude Oil 6s. .. Sin Crude Oil 51;s. Sin Pipe Line 55 1 S0 Por Rico Sug s Tecin Elec Pow 6s. Tide ~7at Ofl 6%s. Toledo Edn 1st 7s.. Union Bag & P 6s. | U Rub Ist rt 6s... U S Rubber 7l3s USSteelsf5s Utah Pow & Lt 5s.. Vertientes Sugar 71 Va-Car Chem 7s... Va-Car Ch Tlas w.. Warner Sugar 7s. . West Union 6148 | Westinghouse 7 Wickwire Spen 7s. T1ison & Co 18t 6 Wilson&C cv 7%s Wilson & Co cv 6s. Winchester A 74, Youngstn S & T 8314 100 944 1024 107% 9% 8614 105% 101% 88% 974 80 608 102 108% 107% 93 95% 963 86% 108 99 947 102% 107 874 105% 102% 88y 978 80% 60% 102 1me% 107% 95 254 96% 86 103 99'% BANK HOLIDAY IN LONDON. LONDON, August 6—Today is a |bank holiday. and all London and Liverpool markets are closed. | FOREIGN EXCHANGE. August 6, 1923. (Quotations furnished by W. B. Hibbs & Co.) Nominal - Selling checks Rold value. 4.8665 specting a proposed site for a new | cemetery. pressively coats. “One fellow.” suggested Herr Baum, “can stay behind and watch these coats.” “What's the use?’ demanded the mayor. 1f we are all going out to- gother, what's the need of anybody to watch these clothes?” A Free Translation. From the Boston Transcript. A missionary home from the Kongo has been relating some amusing blun- ders in the translation of popular hymns into the native languages. “Lord, dismiss us with Thy blessing.” As the weather was op- warm, they took off their |was rendered by the translator, “Lord, kick us out softly.” | By the Associated Pre NEW = YORK, exchangey easy States money) . August 6.—Foreign quotations (in United Great Britain, de- mand. 4.56 7-16; cables. 4.56 i1-16; {sixty-day bills on_ banks. 4.53%. France, demand, .0677; cables, 05771, Italy, demand, .043313; cables, .0434. Belgium, _demand, .0459; cables, 0459%. Germany, demand, .0000052; cables, .0000054. Holland, demand, 1.3930; cables, .3933. Norway, demand, 11620, Sweden, and, .2620. Den! mark, demand, .1810. Switzerland, de- mand, .1797. Spain, demand, .1412. Greece, demand, .0177. Poland, de- mand, .000004%." Czechoslovakia, de- mand, . .0204. Austria, demand, .000014%, Rumania, demand, .0050%: Argentina, demand, .3375. Brazil, de- mand, .1085. Montreal, .97%. 96% | 101% | 97% | BONDS o ssews] Direct to The Star Office. . Low. Close. 89% 89% 79% 79% 0% B8O 95% 95% i 100% 100% 804 80% 83% 83% 94% 66 874 87% 824 0% 112% 112% 79% 96% 86% 88% 26% 85% 1% 46% b5 524 58% 76 58 80 Atchison gen 4 Atchison adj AtlanticCLel 65% 874 874 82% 0% 112% 112% 80 967 86% 88% 27 86% 8% 47% 55 c 20 Bkl R T 7821 ct st. 10 BKlyn R T 6sctfs... 5 Canadfan North 78, 2 Canad North 6%s.. 7 Cinad Pac deb 4s.. 13 Car Clinch & O 6; 8 Central Pacific 4s. 38 Ches & Ohlo cv bs. . 16 Chi & Alton 31 8 Chl B&Q gn 48 '58. 10 Chl & E 11l gn 5s. .. 66 Chi Great West 4s. 10 C M & Puget Sd 4s. 17 ChiM&SPrfdiis. 20 ChiM&St Pcvbs.. 63 Chi M&S! P 48 '2, Chi M&S P ov 41 CM&StPgn4lis, Chi & N W 634s. Chi& N'W 7s. Chl Rys 5s. Cht{RT&Pgn4 ChRT& Pacrt ChiUn Sta 4% Chi Un Sta 64 Chi& W Ind cn 4s. CCC&StLrf6sA. Cleve Term 5s ctfs Cleve Term 5%s. CubaRR Ti%s C-b>aRRGs. Del & Hd 1st rf 4s. Den & Rio G en 4s. le 1st con 4s. Erie con ext 7s. Erie gen 4s. . le cony 45 A Srie conv 4s R ieconvisD. ... Gr Trunk sf db 6s Grand Trunk 7s. . r North gen 7 North gen 51;s. Hud & Man ref §s Hud & Man aj 5s. Il Central ref 4s. . 111 Cent ref 65 '55. . 11l Central 53s. Iat Rap Tran 6s Inter R Tran 6s. Int Rap Tran Int & G Nor aj 6s. . Int & G Nor 1st 6s. Towa Cent rf 4s. Kan City Ft 8 4s. Kansas City S 3s. . Kansas City S bs. . Lake Shore 48 Lake Shore 48 "31 Louis & N uni 4s Louis & Nash 7s 14 arket Sten bs. .. e St L1strf 4s. K&TprinssA. MK & Tadj 58 Mo Pacific 6s. Mo Pacific gn 4s Montrl Tm Ist 5. ¥ O Tex & M in 5s. N Y Centdeb 6s N Y Centribs N ¥ Cen LS cl 3igs. New Haven cd 6s. New Havend 4s 57 vew Haven eeaae \.'l\v\' Haven 7sfr.. INY State Ry 4155. INY W & Bos 412s. {Norfolk & W cn 4s. 21 Northern Pac 4s. {Northn Pacri 6s. No Ore & Calif 18t 55 |Ore Short L ref 43 Ore-\Wash 1st rf 4s | Pennsyl gen 6s. | Pennsyl gen 43 | Pennsyl 6%s. 103% 95% T4 544 30 58% 57% 59% 34% 891y 8318 105 93 6 g2 99% £9% Pennsyl con 43, Pere NMarq 1st 5. Rap!d Tran 65 w 1. 129 Reading gen 4 15 Rio G West cl 4s. . StL&SFPpl4sA.. StL&SF prin bs. ISt L& SFinc 6s. {StL&SF adj 6s StL&SF pl6sC an A & Arn P 4s ab'd A L 4s st Seab'd A Liref 4s. {Seab'd A Ladj5s. . 3 % eab'd A L con Gs 6 ! | Sou Pacific ev 4s. 2 917 | Sou Pacific ref 4s 614 Sou Pacific clt 4s. . 81 uthern Ry 1st5s 6 Southern Ry gn 4s. 12 outhern Ry 6138 Third Ave ref 4s. Third Ave adj bs. TolStL& W 4s Tol StL& W 3158, Union Pac 1st 4s. .. § Union Pac cv 48 Union Pac cv 6s Virginia Ry 1st & Wabash 1st bs. Western Pacific bs. Wheel & LE cn 4s. \Wllconfln Cent 4s. TOTAL SALES (Par Value): 11am.. 1628000 12noon 3419000 1pm.. 4972000 p.m.. 5487000 3% 53 941 6718 10115 55 474 695 964 92% 95% 1044 95 9415 8% 611 7 2 2 2 1 2 6 1 7 4 7 2 3 4 2 TIFICATES. ¥ Redmond & Co.) "B i 100% | March September 1 a0 March 15, 1027...... 100% 1921 997 SHORT-TERM SECURITI (Quotations furaished by Redmon ——Noop.— 1z 100k 108% s 1025, 1053 s 1035, 10673 1061, ST 1 11008 1004 11413 1011y 10288 - 101 o Alumioum Co. of Amer. Aluminum Co. of Amer. Awmerican Cotton 0] American 8 American Amerlcan Tel. Anaconda Copper 83 102 Anglo-American 01l 7is 1023 Rell Tel. of Canada 7s 1625 Canadian Northern 5lpa 192 Cent. Argentine Ry fs 19 Central Leath: . C.C & chi., R & Chicago Tel. 3 Du_Pont 7lys 102 Federal Sugar Re! Goodyear T. R. Great Northern Humble Oil Sis 103 Kangas City Term. 8s 192" Kennecott Copper ‘78 1830. . Libby. McNeil & Libby s A, Bi. P & 5, 83 R. Bt. Tnion Depot 5% Sears, Roebuck & Co. 78 1023.. Swift' & Co. 5a 1983, 5 Tidewater Ofl 6igs 1081 TUnion Tank Car s 1830... U, S. Rubber 7i4s 1880... Western Union 6148 1038, Westinghouse E. & M. T WALL STREET BRIEFS. Preliminary figures on the combined sale in July, of the American and Canadian passenger and commercial {car divisions of the General Motors | Corporation total 52,800 cars and trucks. the lowest since January, but far ahead of the July, 1922, saies of 33,772 cars and trucks! Public offering was made today of $1,600,000 ixteen to twenty-nine-year 5% per cent rural credit real estate gold bonds of the state of North Da- kota at prices to vield 5 per ~ent. EXCHANGES TO CLOSE FRIDAY NEW YORK. August 6.—The New York stock. cotton and other finan- clal commodity exchanges in this city announced today that - they would be closed next Friday, the day of President Harding’'s funeral. 94% | 79y, | Pennsyl gold 7s » | 1 6315 | 9914 1 413 | 1ot | FINANCIAL., Grain, Produce and Live Stock LOCAL WHOLESALE MARKET.: Butter and egg prices were no lower thls morning. Absence ¢ quotations on buttcr put local de ers at a loss to quote prices in cor- formity to those in other sections. Tt was agreed, however, that pricés have not declined. There was ‘a |SHght advance in prices last week | The egg market was reported this morning as being firm Dealers say | there seems to be no likelihood ef a s the next few weeks was veported of the condition of the poultry market this morning. Only a fair supply of poul- try is being received. Bggs — Strictly fresh. candled, r dozen, 23a receipt outhern. 26, i Live poultry—Roosters. per Ib.. 1& turkeys, per spring chicken per 1h., 30a35; keats, young, eacl 40; fowls, per b, f Dressed poultr: Fresh spring chickens, per 1b., 40a4. ter chickens, per 1b., : hens, 1b.. 30; thosters, per Ih. 1; keve per b, 35a40; keats cach! 60 Live stock—Calves 11; medium, per 1b. 104101, per 1b., 6a7. Lambs. spring. 13: liv pigs, 3.00a5.00 each; hogs. per 1b., §15. 54 fruits—Appl new, per has- | kat. 5042.50. "California oranges, per crate, 5.00a6,50, Florid. 5.00. Lemons, per hox, 6.00a6.5 f'hnl 4.00a4.50. Blackiberries, at., % selected, average killed win- per voung: choice. per 1h per per 2.00a3.00. bbl notatoes, tars | inf $4.500 fa LOCAL EXCHANGE - SHOWS STRENGTH Dealings in Popular Issues. Light. But Occasional Ad- vances Noted. Trading on the local change today, whila light and re- stricted to popular issucs, reflected strength. and in some instances im- proved figures This was Washington stock ex- particularly true of s Light, which sold at 50. and Mergenthaler Linotype, which recovered to 1511 on a sale involving ten Cap Traction stock firm par-and-a-half shares changing hands. Riggs Bank stock was sought at none offered. and Railwa: offered 65, with 63 shares twenty ional . with omr W as at . [ Did In the bond department C. & T Telephone G5 s0ld to an aggregate value, at 97, and tne s of the Capital Traction Company brought the same figure. Bankers Seek Recreation Some of the District bankers are. today laying aside business cares for a_ while. George L. Starkey, vice pregident of the National Bank of Washington, and Mre. Starkey, leave £.00 pe 1.50. i | -1 North Caro bbl., na ! Spinac | B | Squash 1 heans. 1.5 | | per hasker home-grown lima bhea 20440 per at ! | GRAIN AND PROVISIONS. i Special Dispateh to The Star. BALTIMORE, tatoes. bharrel, . 752 . bar- 2.5028.00; : lima beans. | 100 1bs, 5.00 00 ‘abbage. bhundred, 6.00a1.2.00; hundred. 5.00a7.00; 0a1.00: corn, hers basket, [hasket, 1.00: letiuc tonions’ bushel, T5a1.50: pepper 40250 basket a1.00; green car- doz- | { & basket 10a12 August | steady: receipts, 143 cars shipments. 440, K s _and {sacked cobblers, 1 ~No. 2.16 ewt. Kansas sacked, early [ fl S. No. 1, 1.75a1.30 cwt v i graded dirty, 1.60a1.70 cwt.. no sales on | barrels Selling Prices on Grain. | _Wheat—No. 2. 1 No. 2, red winter, garlicky. spot. |No. 3! red winter. garlicky, sy 1No 4 red winter, garlick i qSales —Bag lots of nearby sold at 2 \range of 93 to 97 per bushel. Ca {on grade: No. 2, red winter. garl 198: No. 3. red winter. garlicky, No. 4, red winted, garlicky, 93%; red winter. garlick Corn—Cob. new, 5.00 per {eontract, spot. no qu tions: No. Il | corn, no quotations: track corn, vel- | {low;'No. 2 or better, 1.04 per bushel { barrel; | i {3, white, 50 and 5 i I | Rye—Nearby. u 2 2, western export 1 {spot, 741 per bushel Hay—Receipts. 7 tons. { market ruled steady to {range of 20.00 to 24.00 120.00 to 22.00 for new being given the pref E | the highest prices 1 Straw—No, 116.00; 1 oat. nominal, 14.00a15. The hay | firm at a| for old ar ! CHICAGO GRAIN PRICES. CHICAGO. August With « ings limited and demand fairl {tive. wheat showed an upward jency in price today dealings. It was { ceded that. to a considerable low prices had discountec {factors. Some atten also wa {given o statements that wheat sup- | { plies east of the Rockies are virtu-} ally on a domestic basis. Th ing. which varied from unchanged figures to half cent higher, with Sep- ! tember 963 to and December 10033 to 1.00%. Ly moderate general advan Rains which seemed to assura a good crop of corn this vear unles damage by frost took place Droug] {about something of a decline in the ! { value of corn. After opening at 1! {cent off to lx cent gain 6% to T67s, the corn market s ied about half cent general set Oats wera firm sympathy < cent up ter holding 6 fe owed al with Sep- near Provisions hog values an upt Lo i, o0t ! September December | { CHICAGO LIVE STOCK MARKET. | CHICAGO, August 6 (United States | Department of Agriculture).—Hogs—,! Receipts, 60,000 head; good kind. strong to 10 higher; others slow; good and cho 150 to 240 pound | averages, 7.80a7 ht, | 3.00; few pound butche ing _sows, pig® 6.75a7 tle; took few {lower: heavkweight { medium, | light light | smooth, 5 ugh, 7.25. Cattle—Receipts 20,000 head: better grades, mostly killing classes quality, fair; in-between grades, steady: top, matured steers, 11.75; some held high- er; numerous loads. 10.25a1l best long vearlings. 11.50; receipts include forty loads straight westerns unsold at this hour; vealers steady to pack- ers at 11.00a1150: outsiders hand picking upward to 12.00; bulls. steady to strong: ockers and feeders, steady: bul bologna bull 4.00a 4.50; canners and cutters, a Sheep—Receipts, 18,000 lambs, strong to 20 higher; ethers and sheep generally steady: bulk, good and chole tern lambs, 12.40212.6 . to city butchers and shippers. most desirable n ves, 11. ; culls, mostly 8.50a 9.00; few yearling ewes. 10.00: half deck medium to good ninetv-three- pound aged ewes, 6.30; few medium to good aged wethers, 7 feeding lambs, early top, 12.50. WEEK’S AVERAGE PRICES. 153 Per Cent of Pre-War Level. Dollar’s Buying Power. Special Dispatch to The Star. NEW HAVEN, Conn., August 6.— Last week’'s prices averaged 153 per cent of pre-war level. The purchas- ing power of the dollar was §5.4 pre- war cents. Average for July, 153 per cent and 65.2 pre-war cents, few pack- strong weight | ; big packers doing lit-! mixed around 10 to hogs, 7.00a head: fat {is at ed winter, spot, 1.07: | 9iix ja ! weather., tonight for month tion, which they will take in Yellowstone Park Salt Lak City Colorado Springs Denver, nd other western points while Joshua kvans jr., vice prea! dent of Riggs. hegins a vacation at Rehobeth Beach. Robert V. Fleming vice president and cashier of Rizge Deer Park, Md.. for a_month Big Business in Gas Utilities, The manufactured utilities of country are not c selling tha st ve of gas in their his tory, but sales of ga urning appli- ances are showing corresponding in Accordi [3 ng to reports filed with the eric 15 Assoclation more than £40,000,000 worth of appliances will be 80ld to the public in 1 by gas companies alone, lusive of sales made by dealers who do not report te the association. This means that for the 9,200,000 meters in service, more than 34 per meter will be spent this year in gas company salesrooms for ranges, watcr heaters, lighting units room heaters and oth liances To ta recedented 1ssociation s: & suocessful and expangion’ enable them ce ma al shops 400,000 house Shifting to Industrial Field. “The big end of the gas business is & to the industrial T fation states. “In the ten yvears the total production of has increased 100 per cent, while during the same period the consump- tion of gas for industrial heating uses has increased 1.000 per cent The growth of the industrial busine s been particularly pronounced du ing last two vears, when coa ikes and transportation difficulties ave caused thousands of plants and shops to change from solid fuel to week begins auspiciously for local bankers. Clearing House Body to Meet. At ok afternoon Was| h eting in its roor Metropolitan Bank while the entire Bankere Association will gather tonight at 8:15 at their headquarters in the Masonic Temple for the purpose of deciding upon a fitting tribute to be paid the memory of Warren G. Harding. As usual the intent of the clearin body's meeting has not been reves BIG FREIGHT MOVEMENT REPORTED IN MICHIGAN Shipments Through Locks at Sault Ste. Marie July Total 14,388,908 Short Tons. ULT STE. MARIE. Mich.. August The ement of freight through locks here during July aggregat $8.00S short tons, exceeding t of by 4,153.818 short ne monthly report States engineer's of- in g to rdi of Tn fice The movement of wheat totaled 15.- 28,933 s. compared with 17 shels in_ July last year. r than wheat aggregated bushels. against 6,987.464 in July, 1922 Flour tataled 1,219,020 barrels, against 985,533 bar- rels in July last year. Shipments of : eastbound totaled 10,054,136 tons. compared with 5942659 1922. Copper hort tons, con 11.415 short tons in July a the shels ed increase in the movement 1l westbound is shown. The ment of bituminous aggregated 09 short tons, against 1 Tt tons during the same month las ar. Hard coal shipments totaled 924 short tons, against 6,052 short s in July last vear. Is locking in through num 403, with a net tonnage of 10.- In July. 1 they numbered ith a net tonnage of 9,321,219, e e COTTON MARKETS. NEW YORK, August 6.—Therough alarmed over the prospects of cere reduction in the Texas crops cause of long continued dry, hot cotton traders started DUSing movement at (ha OpeRing of the market today. Active months quickly were run up 75 points above Saturday’'s close. October sold st 23.35 and December. 23.28 in the first fteen minutes after the opening, which represented about $11 per bale advance since the ~ government re- port was published. 2 The belief was more or less gener-" ally expressed that the crop must be in Texas and after openin 7 advance of 40 to 57 point ths soon showed net ade points, with October 3.35 and January at 23.05, active and more generad sometime past Owing to the bank Liverpool market was houses with Liverpool were moderate sellers here at the. opening. NEW ORLEANS. August 6—Un-., broken drouth over Texas and Okla- homa put the price of cotton nearly $5 a bale higher in the first hour of the sesson today. October rising to 22,91 cents a pound. At this level the trading’ months were 86 to 94 points higher than the close of last. A considerable vol- ume of selling orders accumulated over Sunday in brokers' hands, many of them from outside interests, and the filling of these caused a higher opening. The supply of contracts was limited fron the start. x v bered 44,926 ¥ be ling at Trading w3 than for holiday. the closed, but connections,; BOSTON WOOL DROPS. Special Dispatch to The Star. BOSTO August 6. —At prices somewhat lower than those several days ago the wool market today was more active. Quotations in fina wools_were shaded to attract Buy- ere. Some sales were made of Ohio delaines at 55 cents. Australian 64s brought $1.11 instead of $1.16, price ten davs ago. Wool re here in July totaled 33,842,600 pounds _against 71,351,800 & year ago. Shipments were 11,988,000 pounds, against 7.314.000 pounds a yeat ago. BAR SILVER QUOTATIONS. NEW YORK, August 6.—Bar silver, 62%; Mexican dollars, 47%. L