Evening Star Newspaper, August 7, 1923, Page 14

JE LR == MARKET HAS DROP. BUT SOON RALLIES Reaction Develops That Bear Raiders Continue Retreat, Begun Yesterday. BY STUART P. WEST. Special Dispatch to The Star. \EW YORK, August 7.—Weakness developed again this morning in som of the oil stocks. Phillips Petroleum made a new low when it broke 21, and so did Skelly under 11 Other oils were off only fractionally. For little while the rest of the list sagged off a bit, but the market quickly re- sumed the recovery, which had tem- porarily been checked toward the close Monday. Steel common got above 88, American Locomotive made new high, Studebaker easily zained the half point which it had losf@t the start, and so did Baldwin Locomotive. Mack Truck. Stewart- Warner and Stromberg were among the speeialties Midway through the forenoon the greater part of the market was abov where it loft off yesterday. It ap- peared that bear raiders were con- tinuing the retreat begun yesterday Happenings Mainly Favorable. For the most part today’s happen- ings in the market were favoral Stocks showed a new ability to stand up against professional selling of a half dozen or so individual issues The recovery of the previous day was continued In cotton heavy realizing sales, @ the sensational advance of Monday, had to be absorbed at the opening. Then prices turned upward again. Nowhere in the season’s record has there been an instance of such com- plete reversal in the attitude of spec- ulators and dealers n the cotton trade. The ris a a re- of over 3 cents a in cotton within ten days must be considered in its bearing upon the buying power of the south, and hence upon the general t outlook This is Guite as important an oceur- rence on the favorable side of the business picture us was last month's drop of 6 cents a bushel in wheat prices on the unfavorable side. It was only logical that speculative Wall street should have given some heed today to the much improv prospects for the cotton sellers. Manufactories Hopeful. There were further reports by v ufacturing corporations for the ond quarter of 1923 and, except fo American Hide and Leather, these were excellent. Undoubtedly their publication exerted its influence upon the sentiment of the day. So did press dispatches telling of the de termination of the new administra- tion to take drastic asures to avert an anthracite coul strike Shares of the hard coal carriers, notably the Erie, were among the leaders in the murket. More evidence was presented that the price-cutting in the sugar trade was over and that account was being taken of the exceptionally low state of stocks of refined sugar in consum- crs” hands, Ol stocks were slower to rally than almost any other group. The reason lies, of course, in the fact that p ductlon in the new California fields is going ahead at full speed. and is not expected to reach its peak for another six weeks or so. This means ®robably that the turning point in the crude oil industry is still some dis- tance away. No Reversal in Afternoon. The stock market maintaine improvement through the afterr There were no signs. how increasing speculative inte might denote the coming of a active market. Trading for the most part was dull. The main feature w the unwillingness of speculators cently busy on the short side to take any further chance after the proofs they have had for the last week or more that real liquidation had ccased. French francs rallied somewhat ward the end of the day, but not be fore they had got back almost to their record low. The collapse in German marks reached the ridiculous stage. less than a week ago they were quoted 1,000,000 to the dollar. Yes- ferday they were quoted at over 2,- 000,000 Today it took 4,000.000 marks to equal the dollar. But inas- much as the German paper mark has oeased for all practical purposes to be the unit in German business trans- ctions, it is easy to exaggerate the importance of the sensational fall DOUBT OF PERMANENT ANTHRACITE BOYCOTT pound Boston Dealers and Cousumers Question Results of Special Com- mittee’s Investigation. Special Dispatch to The Star. BOSTON. August 7.—Many dealers snd consumers here expressed doubt téday as to-whether the plan of the speclal coal investigating committee to inaugurate a permanent boycott against anthracite in event of a strike September 1 would show com- plete results in one year. More yeople in New England ‘used substi- tutea for anthracite last winter than r before and many who utilized coke or soft coal will continue. Nevertheless, citizens have 3 preferred hard coal and most fur naces are especially equipped to use it. Bituminous can be delivered here at $7 a ton wholesale, against $14 ton for anthracite. The committ, it took no side b operators. made it pla tween mine that and ‘WOOL SHOWS FIRMNESS. BOSTON, August 7 (Special).—The tone of the wool market was firm to- day Withdrawal of _dress goods lines by the American Woolen Com- pany indicated that other mills haye a good season and the effect was «xpected 10 be condtructive on wools. Sales of Australian fine wools were made at 1.45a1.50 and territory wools sold at 1.35a1.40; scored basis for fine and medium fine grade. On the whole there was no weakness on the part of western growers. —_— FOREIGN EXCHANGE. August 7, 1923 (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold value, 4.8685 Athens, drachm: Madrid, peseta Vienua! crown. Rudapest, crown. Prague, crown.. Warsuw, mark.. Copenhagen, erown.. Christiania,” crown. Stockholm, " crown. By the Associated Press. NEW YORK. August 7.—Foreign exchanges easv. Quotations (in cents): Great Britain—Demand, 4.56; cables, 4.56%; sixty-day bills on banks, 4.53%. France — Demand, .0574; cables, .05741%. Italy—Demand, 0432; cables, .043234. Belgium—De- mand, .0454; cables, .0454%. G anany — Demand, .0000028; cables! 0000030. Holland—Demand, .3936; cables, .3941. Norway—Demand, .1622. Sweden—Demand, .26: Denmark— Demand, .1830. Switzerland — De- mand, .1807. Spain—Demand, .1400. Greece—Demand, .0180. Poland—D. mand, .00000043. Czechoslovakia Demand, .0294. Austria — Demand, .000014. Rumania—Demand, .0050%; Argentina—Demand, .350. Brazil— Demand, .1012, - Montreal, 97 %. 0000141 00085 0206 L0004 T4 1831 1030 50 will § i i i | leaders | ! Am Writ Prpt. ter | 1 Bklyn R: Caddo Oil...... | Cosden & Co. | Cuba Cane s FINANCIAL ' THE EVENING STAR, WASHINGTON, D. C. TUESDAY, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. 70 6 62% 107" 40% 12% 31 28%% High. 70 [ 63 1077% Adams Express. Afax Rubber. .. Allied Chem. ... Allied Chem pe. Allis Chalmers Am Agr Chem.. Am Ag Chm pt. Am Beet Sugar. Am Bosch.. Am Can. Am Car 2 Am Car & F pf. Am Chain (A). Am Cotton Oil Am Cot Oil pf... Am Druggist. Am H & Le: Am Ice. AmlIcepf...... Am Internatl. .. Am Locomotive. Am Loco pt..... Am Ship & Com. Am Smelting. ... Am Smelt pf. Am Steel Fdy ... AmSugar...... 594 Am Sumatra.... 19% Am Tel & Teleg. 122% Am Tobucco. ... 145 Am Tobac (B).. 145% Am Tob pt (n).. 1028 AmW W 6% pf. 60} AmW Wi%pt. 874 Am Woolen..... 8% Am Woolen pf.. 101 % 397 80% 104 96% 8 1 1124 11 1% 19% 1% T3 120 1% 56 95 B4y Anaconda. S Asso D Goo Associated Oil. . Atchison. ...... Atchison pf Atian Bir & Atl. Atlan Cst Line. . Atlantic Fruit. . Atlas Tack..... Austin Nichols Baldwin Loco. .. 113'% ‘Balto & Ohio... 4T Baito & Ohio pf. 56 Barnesdall (A). 10 Beth Steel. ... 4% Beth Stl1 7% (n). 893 Beth Stl 8% pf.. 1024 Bklyn Edison 109 Bklyn itap Tran u pT(p.. Sl Brown Shoe. ... 50 Burns Bros (A). 116% Butte Copper. ... Butte & Super... 19 187 Y6 145 08 17 470 Calif Petrol. ... Calif Petrol pf.. Canadian I’a Case (JT) pf. Central Leath. .. Cent Leath pf.. Cerro de Pasco Chandler Mot Chesap & Ohio. . Ches & O pf wi Chi & Alton Chi & Alton pf.. Chi & East 1. Chi Grt West Chi Great W p Chi Mil & SLP. Chi Mil &St P’ p2 Chi & Northwn. Chi Pneu Tool. . ChiR 1 & Pac Chi R 1&P6% pf. ChiR I&P 7% pf Chi StPM & O.. Chile Copper . . Chino Copper. ... Cluett Peabody Coca-Colu. ... Colo Fuel..... Columbia Gas. . Columbia Graph Comp Tabul Conley Tin Foil. Cons Cigar . Cons Ga Cons Te: ContCan....... Corn Products. 140 63 9 20% 63 67 26 17 o ey e e E83255T 460 120 o115 104 37 Crucible Steel... Cuban-Am Sus. Cuba Cane Sug more | i | i | | { Inland Steel pt. . { intl Paper | Int Tel & Teleg. {Island Ol { Maxwell (A)... 59 29% Cuyamel Fruit Davidson Chem. De Beers....... 22y Deere Copf..... 6l Del & Hudson. .. 105 D Lack & West. 113 Devoe & R 1st p! 93 ton Axle & Sp 24% Eastman iKodak 107 Elec Stor Bat... 55% Erie...... 12% Erie 1stpf... 19% Erfe2dpf...... 141 Famous Players 727% Famous Play pf. 897 Fifith Ave Bus. Fisher Body. Fisk Rubber. Fleishman . Foundation Co. . Freeport Texas. Gen Am Tk Car. Gen Asphalt.... 26 Gen Cigar...... B84 Gen Electric, ... 173 Gen Motors. . 1374 Gen Mot 6% deb. 80' Goldwin (new).. 17 Goodrich. ...... 2 Granby Consol.. Gt Northern Df.. Great Nor Ore. . Guantana Sug.. Gult St Steel. Harbishaw Cab. Hartman Corp. Househ'd Prod. Houston Oil. ... Hudson Motors. Hupp Motors. , . Hydraulic Stl. Illinois Central. 111 Central pf. .. Indian Refining. 15 4 71 19y 411 1051 109% 5% 99 1% : 1% 314 66% 28 Oy Inspiration. . Interb Rap Tr. . In Ag Chemical. InAg Chem pf. Int Harvester. . Int Mer Marine. Int M Marine p? Int Nickel...... Intertype Ct Invincible Oil... 57 50% 314 Jones Tea. . Kansas C So pf.. Kayser (Jullus) Kelly-Spr Tire.. Kennecott Keystone Kresge (SS)... Lehigh Valley. Lima Locomo. Loews Inc.... Lorillard (") Louis & Nash. Mack Trucks. .. Magma Copper Mallinson & Co. Manhat El Sup.. Maracaibo 0Oil. Market St prior. Marland Oil. ... Marlin-Rockwl. Martin-Parry - Mathison Alkill. ire. . . 215 60% 61% 15 165 88 731 2 42 22 66 20% % 27 1% 39% 75 11% 10% 231 15 104 26% 10 26% 5T% 19 21% 91% 974 607 6214 30 24% 42 t22 66% 297 s 27% 42 41 75% 11% 10% 23% 6% 1% 10% 27 101 27% 5% “19% 22 91% 9TH 10% 42 51 6% 911y 59 84 31% 977% 12% 5 May Dp Stores Mex Seaboard. . Mex Seabd etfs. Miumi Copper. . Middle St Oil... Minn & St L (n Mo Kan & Te. Mo K & Tex pf. Mo Pacific. . .. Mo Pactfic pf Montana Power. Montg'y Ward Moon Motors. . Nash Motors. Nash Motors pt. Natl Acme. Nat Biscuit Natl Cloak &S.. vatl Dept Stores 86 Natl Dept Sto pf _ 91% Natl Enamel.... 59 N Or Tex & Mex. 83% N Y Air Brake 30% N Y Central..... 97% NYNH&Hartfd, 12 . 1ow. 70 6% 617% 1077% 40% 12 86 ~| 52 59 84 31% 97% 12% 'NY O & Westrn. | Norf & Western. North Amer. Nerth Ampf.... North Pacific. .. Nunnally Co. 1 Otis Elevator. Otis Steel. .. Owens Bottle. Pac Gas & Elec. Pacific Oil. Packard Moto Pan-Am Pete. .. Pan-Am P (B).. Parrish & Bing. Pennsylvania... Penn Seabd Stl. People’s Gas Peoria & East. Pere Marquette. Philadelphia Co Philip Morris. Phillips Pete Plerce-Arrow .. Pierce-Ar pf Picree Oil Pitts & W Va... Pittshgh Util pe. I'ostum Cereal. . Pressed St C pf. Produc & Ref. .. +ub i Pullman Co..... Punta Alegre. .. Pure Oil.... Lapid Tran Sec. Rap Tran Sec pt Ray Con Copper Reading....... uding 15t pf. . Reading 2d pt | Replozle Steel. . | Rep Ir & Steel ., Eep Ir & St pt.. 1ds Spr. .. ¥ Tobuc (B). Royal Dutch itutland Ry pr St Joseph Lead.. 5t L & San Fran | St L&San Frpt. St L Southwn. .. StL South pf... ivage Arm board Air L. wars Roebuck.. iell Tr & Tran. 1l Union. ... mons. . ms Petrol. .. lair Ofl..... air pt. . elly Ol South Paclfie. .. So Porto Suga Southern Rw Southern Ry p?. icer Mtg Co St Ol of Calif... nd Oil of N J. StOil of NJ pf.. Steel & Tube pf. Sterling Prod. .. | Stewart-Warnes Wirombg Carb {Studebaker..... Submarine Bt. Superior Oil.... Sweets Coof A un Copper s Company, Tex Gulf Sulph.. | [ { i fex & P C & Oil. Timken Bearin Tobacco Prod. co 'rod A. Tobacco Pro pf. “rans Cont Oil. . Food Prod. . Hoffman M. indus Alco. h Copper. ... curities. anadium Corp. Car Chem... C Chem pt hem (B). { Vivadou. | Wabash....... | Wabasn pf (). | Waldorf (new). { Western Md.... | Western Ma. 2. | West Penn Co | West Pac pf.... stern Union. | White Motor. White Oil Wickwire. . -Overld. . -Overl pf. Wilson Co...... Wisconsin Cent. Call Money. HOURLY SALES OF STOCKS. 131 600 291 600 1lam.. 1pm. Open. High, 15% 1024 21% 44% 56 8% 117% 8 42 7 114% 17 15% 102% 21% 44 5% L) 17% & a2% 1 331 12% High, ELA 12m.. Zp.m. Low. 16% 101% 21% 44% 56 842 17% 8 41% kil 33% 12% 59% 7% 9% 427 28 88 48 80 109% 1% i 6774 213 23 9 17% 40 58 105% | 4nd 57 6% 123 24 491 1% T [ 23 Low. Last. a~ Lt . 212600 - 334 %00 SHORT-TERM SECURITIES. nd & Co.) ~—-Noop.—— (Quotations furnished August T Lindsay Light pf. Tnion Tank Car, @ August S— Buff., Buff Continental P & B. Jeff. & Clear. Jeft. & Clear., C. Augnst 9— Consolidated August 10 American Tobacco, Int. Harvester pf., '] Enam. & S igust 14— Manhattan Shirt, q a. Union Tank Car pf., Roch, & Pitts., Rtoch. & Pitt Coptinental P. & B. . bt & & 1 a ‘American Tobacco B, q.. Cleveland & Pitts. gtd., a. Clevelund & Pitts. spe. gl Colorado_Fuel & Iron pf., q General Development, q. a. B a Philadelphia Co. PL., 5.2 Studebaker Corp., @-.... Studebaker Corp, D Waolworth Co., F. W, by Redw Am, Smelt. & Refining pf., q. " EX-DIVIDEND TABLE. Offer. | % Cent of Country's Qutput. i 1 BAR SILVER QUOTATIONS. NEW YORK, August 7.—Bar silver, %: Mex LONDON, Discount rates an dolars, 47%. August pence per ounce. 7.—Bar silver, 31 Money, 23 per cent. short bills, 3%a3% per cent; three-month bills, 3%a3 5-16 per cent, TRADING IN BONDS IS FAIRLY ACTIVE Government Issues Show Higher Prices—European Securities Fractionally Improve, By the Associated Press. W YORK, August 7.—Trading in bonds was relatively active and gen- erally at higher prices in the early hours today. Active United States government bonds, with the excep- tion of Treasury 4%s. which declined { fractionally, slightly higher. {Most of the Buropean bonds tmprov- cd fractionally, but Mexican 4s vielded 11 points. Railroad ‘mort- s moved forward in fairly good me. although advances in a ma- rity of cases were limited to frac- . Paul Convertible 5s gained | Erie first consolidated 4s and convertible 4s. sories A, and { Pennsylvania consolidated 4s, 1 each. | Rock TIsland 4s, on the other hand, I fell off a point. A gain of 112 by | Bethlehem Steel refunding 58 was the only outstanding change among | industrial lines. were Market Flashes at Today’s Close wires wheat opened firm, but prices now and demand quiet; faney old off 1 to nts. Corn steady. United States Steel Corporation monthly statement of unfilled order: due at noon Friday, will be given out that time Thursday. In view of the fact the decreas 000 tons in last month's state 3 twice much as had been expected that time, there is considerable Ik about Thursday's statement showing a greater decrease. Minneapolis wheat New York Stock Market again looks to be well liquic the prevailing general condit copt possibly in some of stocks, several of which a to reduce their dividend for quarter. simply ted for s, ex- the oil expected the next vernor sued 3 1o such New York proclamation holiday, to be no reasc rssion of Congress in case miners fall to reac ment on new wage cont suspension results Pete declares dividend of §1 red stock and 43% cents on common stock. . after co of the coul confident strike. The record of the President in the police in Boston foUr ¥ears ago is < a guaranty that the P dent's confidence can be accepted the coun ARTS OF THE AZTECS. Spanish Conquerors Largely In- fluence Birth of New Designs. om the August Arts and Decoration. s the great conquests of Pery 1d Mexico and the lesser expeditions | rerica and our south- made by to b muse made Dost-C Preside with th ission, there W t Coy chairma is said to be no coal divided. very car twe 3 n no sense proof of 3 ative creative power, b indicates the high status xpression in th regions since artisanship had | point where adaptation { s within the scope | d physical powers. vored regard ign remain contact. Only peoples lacking {nical skill refuse to copy I Int count of his ito Hispanfola which Colum ! {back to the court of Ferdinand and | Isubella. there is mention the ltive arts and a deep satisfaction !'V wealth and Iture of t € ne {lands. It was ure proc to thei { Genocse dreamer that he had found| {the road to the fabulous Indies. It cannot be doubted that Spanish arts| Spanish customs and attributes Were to these natives as deep a mat lter of interest. But the insular popu- | lation was neither large n vigorous | enough to profit by the lesean. 7 were soun absorbed or d ~din | jthe firat d pment of the islunds. { For this r we no rd of Spanish influ here. The rapacious | {and ignorant cruelty of the first gold | miners, the introduction of negro slaves, submerged the simple native { population beyond all chance of re- demption When, however, Cortez landed on the coast of Mexico, in the vear 1591, ithe native arts of the Aztec showed Spanish influence. There is a tradi-| tion that a runner carried court of Montezuma a naivel Isketch of his great and mysterious Ships. The meeting of Cortez and) Montezuma later in the same year. is| illustrated in the Codex Rios, and as 1a companion picture Alvarado, his fiery lieutenant., is shown slaugh-{ tering the Aztec nobles in the temple | inclosure. Tt was natural enough that lthe superior military accomplish nts of the Spanifirds should make a strong impression on the Aztec mind, | themselves a warrior race of no mean {distinction. Tt is natural enough that jour own histories should follow this | savage example. CALIFORNIA LEADS IN OIL. to the y drawn \ | | { Production TE; Is Now 35 Per From Forbes' Magazine. Almost overnight. fornia, with a total production of nearly three-quarters of a million | barrels of ofl a ddy. 35 per cent of the country's entire output, has become the dominating factor in the world's petroleum industry. Her new wonder oil |Los Angeles basin, at Huntington Beach, Signal Hill and Santa Fe Springs, not on e California th Supreme distinction, hut they are shattering all records, They are mak- ing & new kind of history in the oil industry. The current daily output of these new fields is greater than ever before reached by all the other fields on the coast. It is more than the present production of the entire state of Oklahoma, more than double Mexico's production, one-quarter_the present output_for the entire United States, approximately one-fifth the world's output, and, exclusive of the United States and Mexico, the total amount of oil now being; it seems. Cali- pools in the produced in all other fields of the ! world put together. i The annual production of 152 mil- | lion barrels from these new fields is | greater than the total production in | the United States in any vear prior to 1913 and double the production of the United States in 1906. At an average price of 90 cents a barrel at the well, the aggregate daily value is more than $450,000. The value in refined products is probably at Peast five times that, or $2,000,000 a day. - Newspapers and Politicians. From the Milwaukee Sentinel. H There is one difference between newspapers and politicians. Press comment follows the news closely and does not wait to see which way the wind is blowing in the vote market. The average politician carefully as- certains the opinions of his constitu- ents before he boldly proclaims them as his own. fw is - greater than |l —_— ‘ON NEW YORK AUGUST 7, 1923." BONDS T o] Received by Private *Vire Direct to The Star Office. (Sales are in $1,000.) UNITED STATES BONDS. (Fractions Exampl represent thir 101-1 means es. High. Lib 3%s. . . 93 100-4 Lib 1st 4s. . 1 985 bidds..... 1 983 Lib1st4%s.. 41 987 Lib 2d 4%s... 429 98-8 Lib 3d 4%s...1868 98-30 Lib4th4%s.. 330 98-10 US4%s1952. 44 99-20 FOREIGN. «. Tigh. Argentine 7s. Austria 7s ctfs Belgium 7% Belgium 6s. . Belgium 8s.. Bern 88 Bolivia 8s. Bordeaux 6s. Brazil7s....... Brazil 8s.... Canada 5s 1926 Canada 5%s 1929. . Canada bs 1931 Canada bs 1952 Chile 88 1926. .... Chile 851947 .. Christiania 8s. . Copenhagen 51¢s. . Cuba 516s w i. Czechoslovakia 8s. 102 89% 100 96% 100 110% 8713 76Y% 814 961 99% 101% 99% Denmark Ss....... T nmark 6s. ... Duteh E15%s. .. Dutch East I 6s'47. Dutch East I 6s'62. French Govt 7 Holland-Amer 6s Ttaly 6135 1925 Japanese 1s¢ 41is Japanese 24 41 Japanese is. . .. Jergen U M 6s°47. Lyons 6s. .. . Marseiiles 6s S (=] aZan=a Mexico 4s. Netherlands orway 8s. .. Norway 6s..... Orient Dev de 6: Paris-Ly Prague 7 e Bpoombimn Queensland 7s. ... Queensland 6s Rio de J Rio de Jan 85 1947. 0 Gr Do S a0 Paulo, eine, Dept of, 7, . erbs Crotes £ 0 DS 18 Ud Kingm & Uruguay 83 Zurich §s. . 110% 100-1 985 98-3 98-5 98-5 98-28 98-6 99-17 ty-seconds. 101 1-32) Close. 100-4 9.5 983 98-7 98-7 98-30 Low. 99-17 Close. 102 89% 99% 95% 100 110% 8744 7614 Low. 101% 89% 99% 95% 99% 110% BT% 6% B1% 96 9916 101% 99% 99% 103 103% 109% 8814 931 50 96 5 99% 81 6374 81% 114 745 1% 102% 1034 110% 110% MISCELLANEOUS. Ajax Rubber §s Am Agr Chem 715 Am Chain s £.6s'32 Am Cotton Oil 5s Am SmIt&R 1st bs. Am &R 6s. ... Am Sugar Ref 6s. . AmT& Tev 6s Am T & T ol trbs. . AmT& Teltrds. . Anaconda cv db 7s. Anacond 9313 3 11 9 13 13 91 101t 102 115% 975 924 100% 974 By 984 95 9714 90 ther 5s Chile Copper 6s. n Coal Md 1st 5; ban-Am Sug Ss. ‘uba Cane cv d §s. (D s Sdison ref <6 riamond Mth 71 24 10 14 odyear Ss Hershey 6s 194 Humble O&R 57,5, 2 10is Bell 1st 5s.123 idiana Steel [ Int Mer Marine 6s. 16 Int Paper Ist5s A. 4 Int Paper 1st 5s 5 KCP&Lt5s A 1 Ligiett « " 10 M Mid Morris& New Eng Tel 5s. . N Y Edsn 1st 615, N Y Tel 6s°41. NT Telca'49.! NY Tel 41 TN @ = *Sxk Otis Steel 7%s Pacific Gas & F1 s ParT&T53'5 PhilaCoref 6s A. . Producers & Rf §s. Public Service 5s. Punta Alegre 7s. Sacks & Cosf7s.. Sharon Stl H 8s Sinclair Oil 7s. . Sinclair Oil S.a Crude Of Sin Crude Oil 51, Sin Pipe Line 5 So Por Rico Sug 7s. Tean Elec Pow 6s. Tide *at Oil 61 Toledo Edn 1st Unit Drug cv 8s. U 53 Rub 1st rf 5s U S Rubber 71:s. UsSSteelsfbs.... Utah Pow & Lt 5s Vertientes Sug: Va-Car Chem 7s Va-Car Ch 71 ‘Warner Sugar 7 Westinghouse 7s. . Wickwire Spen 7s. Trilson & Co 1st 6s. son&C ev T15s. ‘Winchester A 71s. Youngstn § & T 6s.. 24 aE RO o a A Py 4 6 9314 9675 54% 62 90% 101 101% 115 978 92 29% By o5 94y 9Th 9§71 109% 105 1061 9414 23% 108 91 90% | —_— BOSTON BOSTON, August list of today’s highest, closing pric dealt in here: Amoskeag Roston & Boston Eastern S § {Hardy Conl Isiand Creel Libby, Me Maxs ' Gas Mayflower Mobawk Nat_ Lenthe: N Y N H & H North Butte . 014 Dominion Osceoln . Pacific Milis St. Maryland Shoe Mach Switt & Co Trinity . Ttah Con YVentura Ol Waldorf s Waltham Watch ©. Wulworth . Wolverine It Was Finally Fin From the Kansas City Times. Wife (on the w church)-—That's what 1 ished sermon! Her Husband—Yes, home from but STOCK MARKE! lowest and for the most active stocks ished. the call a fin- do know I thought it would never be, 98-10 | H RAILROADS. Sales. High. 2 556 32 .90 4 80 7 863 81 95% 7% 101 81 83% 5% 4% 87% 87% 118 80% 93% 97 101% 86% 88% 86% 83% 531 28 99% T8% Low. 55 89% 80 86 81 95% 7 100% 80% 83% 6% 94 87 87% 13 9% 93% 97 101% 86% 88% 86% 834 53% 28 99% 78 52% 58% 75% 574 1% 9% 107% 76% 78 T4% 8915 113% 70% 102% 101% 95% 101% 82 102% £6 Ann Arbor 4s..... Atchison gen 45 Atchison adj 4s. . Atlantic C L 1st 4s. Atlantic CLcl 48 P& Oprin 3%s B & O gold 4s. B&OGs.. |B&Ocvidis B&Orefbs.... B&O PLE&WV 48 B & OSWdlv3ys. 45 Bklyn R T 7s °21. BEIR T 75°21 ct. rClinch & O 6s.. 4 ntof Ga6s...... 11 | Central Pacific 4s. 61 |Ches & Onto cv bs. . 37 Ches&Ocv4ls... 9 Ches &n4ls. 11 Chi& Alton3s.... 10 Chi& Alton 334s... 2 Chi B&Q Ist rf bs.. 40 {Chi & EDllgn6s. .. 11 ChiM&SPrf4ls. 17 52% |Chi M&StPevbs.. 27 59% {CHIM&StP4s’25.. 8 76% Chi M&S Pev 4.8t 31 58% {C M&StP 48 1 1% CM&StPgn4 7 80% Chi & N W 6% 1107% {ChiRysbs.. 1 76% |Chi RT1& Pgn 4s 8 CF RT& Pac rf 4s. 4% {ChiUn Sta 4358, .. 894 {ChiUn Sta 63s.... 3 114 {Chi & W Ind cn 4s. 71% leni& wina7ys 102% [CCC&StLrf 63 A 102% | Cleve Term bs ctfs. . 95% {Cleve Term 5izs, .. 3 102 {Colo & Sou 418 82% haRR 7 102%% SaRR6 86 Del & Hudson § 100% D & 1o G imp 58 8455 Den & Rio G en 4s. 73%, D& RG lst rf 5s. . 427 Det United 43s... 10 85% Frie 1st con 4s 58% 4T% | 100% 84 73% 42% 85% 56% 46% 49 50 624 103% 112% 105% 9714 82% €0 85% 99% 1013 611 56% 2 2544 2 34 i or 15t 63. 884 l1owa Centre4s.. .. 19 jEan Clty Ft S 75 | Kansas City Kan City Term 4s. Luke Shore 4s '28. ., feconv 4s B. | Iirie conv 4s D. ... 152 {Gr Trunk sfdb 6s.. 6 and Trunk 7s... 7 North gen 7s...100 ir North gen 5145, 38 36 .10 S2d | 19 {11l Central 515 | Int Rap Tr 58 Inter R Tran 6s Int Rap Tran s Int&C fInt & MK&T6sC. M K & Tadj5s.. Mo Pacific 6s. . . 1> Pacific gn 4s. N O Tex & M in nt gen 31%5s. ent deb 6s. .. tdeb 4s. iern Pac s D.. e Short L ref 4s. {Ore-Vash 1st rf 4s gen 5s. gen 4i:s.. Pere Marq 1st 3s. .. Pere Mrq 1st 45 '56. Rapid Tran 6s w 1. Reading gen s RIATk & L4%is... |StL&SF pl4sA.. 2! |StL&SF prinss. L&SFinc L& L& nA&ArnPids.. Seab'd AL ref 4 Seab'd A Ladj Scab'd AL acis cific ref 4s.. 1L4s.. { Southern Ry 1st b3 iSouthern Ry gn 4s. | Southern Ry 6 {Third Ave ref 4 | Thira Av 5s. {Tol St L& W 3tis. Unlon Pac 1st 4 Unfon Pac 1st rf 4s 41y 281 €3n 917 8615 8014 945 67% 1015 5414 4734 96 92% £3% 254 854 844 60t 79 1 7 TOTAL SALES (Par Value) 11am 1pm este stern Pacific sconsin Cent 4s. 6000 2 p.m. SPARTANBURG, S. The sale of the Tucapau talized at $1.076,000 and 6 and 1.830 Greene & Co. mounced by A. M. Law Spartanburz, who represented principal stockholders, J. B. J. ¥, Cleveland Mills, spindies Lockwood, The price sqcured per share between is understood. per cent The remaining stockholders will an opportunity of selling at the figure, it was stated. to increase the Tucapau plant 100,000-spindle unit by the tion present mill building. NEW YORK. August 7.—The raw sugar market prices were % higher, quot to 6.15 for centrifugal. ed were 17,500 bags of Cubas local refiner for August i, firmer on commission ! points net higher. fine granulated. Refined futures were nominal. steady; high, 4%; low. | rate. 4%. 45; last acceptances, 4% 4%; time loans paper, 6a6i. C., August 7 not stated, but the purchase inv $3.000,000 and $4,000,000, The stock bought by Lockwood, Green & Co. represents 85 of the outstanding stock. Close. 55 89% 80 81 96% FINANCIAL." Grain, Produce and Live Stock - LOCAL WHOLESALE MARKET. Occasional rains have largely in- creased supplies of vegetables, but prices have not decreased to any ap- preciable extent. Supplies are largely in excess of demands, it is stated, and 77% | there is no indication of a scarcity in 101 83% 5% 94 % 1 the near future. Increased receipts of chickens from nearby states may mean a slight re- duction in prices before the close of the week. There is no indication of 87% |a decrease in the price of eggs, how- 8744 | ever, 80% | Watermelons, 93% 97 101% 86% 88% 86% 83% 53% 28 994 78 b52% 59% 5% 58 1% 9% 107% 6% 8 4% 8933 114 71% 102% 1017% 95% 101% 82% 1021 86 100% 81 8% 427% #5% 57% 4T% 50% 50% | York, s, 547% 103% 12yl 106 98% 82% 601 85% 100 101% 61% 56% . 85k 34% 88Y 19 6T% 6 82 944 91 1074 1 9 824 103 21 T4% 6% €3% w3 | 1.06%: 50% v244 52 75 73% | goes on grade No. 103% 89 96 54 581 | contract, 83% 106% 94 925 80% | market 100% | range of 2200 90 i \ I | {3, white, 50% and 5 recelpts being light and can- dling losses heavy. * Receipts of fruits have been heavy. cantaloupes, peaches, plums, damsons and other varieties of fruits are being recefved from nearby states and distant points. Most of the peaches are coming from a distance. Eggs — Strictly fresh, selected, candled, per dozen, 28a30; average receipts, 27; southern, 26. Live poultry—Roosters. per Ib., 15; turkey 25; spring chickens, keats, young, each, 40; fowls, per b, 25. Dressed poultry — Fresh killed spring chickens, per 1b.. 40a45; win- ter chickens, per Ib., 36; hens, per 1b., 30; roosters, per Ib., 18a20; tur- keys, per 1b, 35a40; keats, young, each. 60. Live stock—Calves, choice, per 1b., 11; medium, per Ib., 10a10%; thin, per Ib., 6a7. Lambs, spring, ver ib.. 13; live pigs, 3.00a5.00 each; live hogs. per 1b., 8%. . Green fruits—Apples, new, per bas- . 50a2.50. California oranges, per crate, 5.0046.50. Florida. 3.00a6.00. Lemons, ‘per box, 6.00a6.50. Grape- fruit. 4.00a4.50. Blackberries, per qt.. 7a20. Peaches, 1.00a3.25. Can- taloupes,” standard, 2.00a4.50; pon flats, 1.25a1.50. New potatoes. . 5.00a6.00; No. et potatoe: York_lettuce Romaine lettuce, Cabbage, n, Eggplant, p. toes, 1y 100 B 2.00a3.00 per_ba crate, North Carolina per bbl. 75al 2.50a4.0 per 122.00. per_crate, 1.00a2.25 ‘rite, 200a3.50. sket, nearby per bbl. g Peppers. per 1.00a1.50. Kale, Spinach, per bb per crate, New . h, 25a50.- North Carolina lima 1.00a1.50 per basket: home-grown lima beans, 20a40 per qt GRAIN AND PROVISION Special Dispateh to The 8 BALTIMORE, Md. tatoes—New, barrel, 75a2.00; 100 pounds, 1 3.50a7.00; yam Beans, buShel, bushel, 1.50a2.25. Beets, hun- 5.0047.00. Cabbage, hundred, Carrots, hundred, 5.00a v, dozen Cucumibers, ba; Eggplants, basket. 1.50. bushel, 25a1.00. Onions, bus 0. Peppers, basket, 40250 3 basket, 50a ); bushel, 3.25; swee barrel, 7.00. 1.40. Lima s—Barrel. 1.50a3.00: bushel basket Blackberrie Crate, 7 10ai2. Huckieberries Peaches, basket, 50a1.00 3.00. Plums, basket, melons, each, 15880 Settling Prices on Grain. Wheat—No. 2, red winter No. 2, red winter, garlicky. . 3, red winter, garlicky, [ 4, red winter, garlicky a75 quar bushel, a0, Water- 2 spot, spot, 99 spot, spot. 9 Sales— ange of §5 to sold at a el. Car- . red winter, gar- licky, 9812; No. §, red winter, gar- lLicky, 9513 No. 4, red winter, garlicky 9513; No. 5, red winter, garljcky, 9133 Corn— new, 5.00 per barrel no’ quotations: No. ns; track corn, vel- better, 1.03a1.04 per ob, spot. corn, no quotat low; No. 2 or bushel. ules none. No. 2, 51'; and 52; Ne. . 7548, export, 01,74% per bushel “Receipts ruled steady 22.00 for n No. rye per bushel; No. 2 The hay firm at-a tons. 10 0 fo with 18,00 to old hay 107% |being given the preference even at 108 96 213 | 16.00; No. 1 ‘wheat, 1 the highest price Straw—No. 1 15.00a No. 1 tangled rye. 943, |08t nominal, 14.00a15.00. 9% BT 3% ©7% 8115 3% 2% a2 2874 | DAIRY PRODUCT! BALTIMGRE, Md., August 7 (Spe- cial).—Live poultry—Spring chickens, pound, 25a35; Leghorns. 23a hens, 20a28: old Leghorns, old roosters, ducks, 15a24; Native and nearby southern Butter—Creamery. to pound, 40a4 creamery. ladles, 3 34a35; 1a33; store packed, dairy Tolls, prints, G314 | 31233 92% 674 801y 94% 67% 101% 54% 47% 96 9234 83% 95% 854 844 60K 79 k4 2949 000 12 noon 4 317000 7088000 TUCAPAU MILLS SOLD. Spartanburg Concern Operates 65,- 186 Spindles, 1,830 Looms. capi- operating looms, of Boston is | & C of the o. and Dr. of Spartanburg and Alfred Moore of Wellford, in the deal. | was olves it have same Tt is the purpose of the new owners to a installa- of additional machinery in the SUGAR PRICES MORE FIRM. early was firmer and with Cubas at 43%, cost and freight, equal Sales report- to a shipment. Porto Ricos were offered at the same The raw sugar futures market was covering and scattered house buying prompted by the advance in the spot market. After showing advances of 5 to 8 boints, prices reacted under reallzing and at mldday were unchanged to 3 There were no changes in refined sugar and the demand was still light. Prices were quoted at 7.90 to 8.00 for CURRENT MONEY RATES. NEW YORK, August 7.—Call money ruling Closing bid, 4% oftered at Toan, 4%: cali loans ag: ainst firm; mixed collateral, 60 to 90 days, 6%4; you |1 to § months, 5%; prime commercial to] i 12.. | 8.50a9. CHICAGO LIVE STOCK. CHICAGO, August 7 (United States Department of Agriculture) —Hogs— Receipts, 20,000 heac part of early upturn lost: big packers unwill- ing to follow advance; bulk good and cholce 160 to 240 pound averages, T a8.10; top, S.15: pound _butcher: sows, 5.90a8.2 pigs, 7.00a7.: 7.10a7.80: medium, 7 7.15a8.15: light light, 6.80: ing sows, smooth, 5.85a8.35; sows, rough, 5.60a5.55; 6.25a7.25. Cattle—Receipts, 10,000 head; mar- ket uneven; beef steers, yearlings and desirable fat cows and bulls mostly steady to strong: lower grades she stock, canners and cutters weak to 15 lower: vealers, quality considered, 50a75 higher; bulk desirable vealers to packers, 12.00a12.50; few hand- picked up to 13.00; ‘top matured steers, 12.00: weight, 1452 pound bulk beef steers, 8.50a11.00; numerou loads light and medium weight yea linge, 9.50a10.60; bulk bologna bulls, 4.0084.60: stockers and feeders steady. Sheep—Receipts, 14.000 head: fat lambs and feeders, steady to strong: others and sheep generally steady best western lambs here to packers, 2.50: bulk natives, 11.75a12.00: cull 00; feeding lambs, 11.75a12.6! mediums and heavyweight ewes, 5.0 6.50; heavies, 3.50a4.50. _— NEW YORK PRODUCE. Special Dispatch to The Star. NEW YORK, August New York's first carload of celery rough from the Savannah district of Wayne county arrived on the New York city market today. The stock was mostly green, and met a limited demand and sold at $2.25 per two- third crate. Orange county celery brought from $2 to §4 The market for fancy green peas was firm and_active. Sales ranged from $1.50 to $2.75 per bushel basket. Fancy voung beans of gll varieties sold more readily, but prices showed no materfal advance. Prices ranged from $1.50 to $2.25 for round green per bushel basket, wherea: brought from 75 cents to $2.50. The demand for fancy large firm tomatoes was more active and prices in some instances showed a slight advance, Carriers containing six four-quart bavkets sold from $2.50 to $5, depending upon quality and condition, 3 The market for white potatoes lacked activity because of the very limited demand. No. 1 cobblers in 150-pound sacks sold from $4.25 to $4.50. —_— CHICAGO STOCK MARKET. CHICAGO, August 7.—Following is a report of today's sales, high, low and closing quotations at the Chicago Stock Exchange : Sales. 30 Armour of Del pfd. 140 Amour of TIl pfd 214 Commonwealth Ed. 30 GIll Mfg ... 15 Hupp Motor 170 Middle W 100 Standard 11575 Stewart 600 Tnion Carb & Carb. 135 Yellow 3fg B Total sales, 20,000 shares, packing ong weight veight hogs, light, pack- packing killing pigs, T—Western Low. a0 High B0 8%, 1278 is Close. &6 olgy and ! BANKERS HONOR LATE PRESIDENT Association Urges Minimum Business Friday—Stock Exchange to Suspend. Thwarted in its efforts to secure : a bank holiday on Friday next, the day of the late Warren G. Harding's funeral, by existing banking legis- lation, the District of Columbia Bankers' Assoclation 1s today ad- dressing an appeal to the public urging that all banking business, ex- cept such as is lawfully necessary be dispensed with on that date in respect to the fallen chief. The association calls particular at tention to the fact that Friday will in no sense of the word be & holl- day and that all paper falling due on_that day will not be subject to deferment of cven a day. The Dankers' Association bas made every effort to close its places of usiness on Friday, but to no avail All they can now do is curtail bus- fness to the minimura. Close Tomorrow and Friday. The Washington Stock Exchange will suspend trading tomorrow and on Friday. The New York Stock Ex- change will be closed on Friday, and trading there will also be suspended for an hour or so tomorrow during the state funeral here. The exact timg of suspensfon was not available thy morning. Likewise, the executive committeq of the convention committee of thg Investment Bankers' Associatio) scheduled to meet tonight, has bee deferred indefinitely, as has been th. meeting of the executive committer of the Washington Rallway and Elec tric Company, which was to meet to morrow. Resolutions Pay Tribate. At a epecial meeting of the Wash Ington Clearing House Association held yesterday afternoon, the follow ing resolution was drawn up | adopted | “Whereas we have learned with sincere regret of the death at S Francisco, Calif., on Thursday, Augu: . 1923, of Warren G. Harding, Pres dent of the Unjted States of America; “Whereas God in infinite wisdom {has seen fit to remove from amonk us one who was so beloved and esteemed, one who so unselfishly gave of himself to the world, one whose presence has stimulated others to do good and follow his noble example |one who has laft us a memory never |to be forgotten. be it therefore “Resolved. That we spread on_our minutes this expression of our high {regard for him and that a com- imittee be named by this association {to attend the funeral of Warren G. |Marding, out of respect to his memory and Bankers Take Action. The District Bankers' Association {passed the following resolution at a special meeting held last night: Whereas death has claimed the nation's Chief Executive, Warren "!Hl"]\nl;. in the midst of his pr {dential term, when his mental pow- ers were at their best and his wi: dom, gained by experience, was of the greatest value to our country and the world; and {man, and we of the District of Colum- inf the United States have lost a wise. fearkh sound and able President: {all the world a genial. courtly, lofty man, wna we of the District of Colum- |bia who, by more than eight years' close contact, had come to know him and to love him, our first citizen, our |friend and our neighbor: Therefore, be it resolved, by District of Columbla Bankers’ | sociation., in special meeting as- | sembled.” that we record our inex- pressible sense of loss in the death of Warren Gamaliel Harding, twenty- ninth I'resident of the United States America, and the depth of our because of that event; and we extend our heartfelt sympa- thy to the splendid woman, who, for more than a third of a century, was his wife, comrade and unfailing help- mate. “Be it further resolved, that these resolutions be spread upon the min- utes of this assoclation and a_copy thereof transmitted to Mrs. Hard- ing.” Monotype Company Dividend. The board of directors of the Lans- ton Monotype Machine Company of Philadelphi sterday declared a auarterly dividend of 115 per cent on the capital stock of the company. payable on August 31 to stockholders of record at the close of business August 21, 1923. An official of the Lanston Monotype ompany says: “Gross volume of ness for the first four months of 23 was about $200,000 in excess of - the same time last year, despite some falling off in foreign sales. Net earn- ings, it is estimated, are also running ahead of 1922, although it is impos- sible to ascertain net definitely until time of inventory taking. Charles H. Doing, jr. vice presi- dent of the Washington Loan and ‘Trust Company, leaves Saturday for Cape May on a few weeks' vacation. H. K. D. Peachy, local manager of Brooke, Stokes & Co., will leave for the same resort for twp weeks on Friday. Restricted trade ruled the Wash- ington Stock Exchange today. Lan- ston was strong at 4%, ten shares changing hands, while the street rail- ways were unchanged, Railway pre- ferred selli 72 and Traction at 100%. Fifty shargs of Columbia Title Insurance Company sold at 6%. CHICAGO GRAIN MARKET. CHICAGO, August 7.—OWwing to the fact the government crop report was - due after the close, wheat traders to- day restricted themselves largely to evening up of open accounts and there were no decided changes in price during the early dealings Bears pointed out that stocks of , wheat were likely to continue piling up for some weeks, and that export demand was slow. On the other hand bulls contended that before another crop all the wheat in the United ! States, would be needed for domestic consumers. The opening, which ranged from 3 cent decline to i gain, with September 96% to 98%. and December 100% to 100%, was suc- ceeded by something of & general sag and then a little rise all around Corn and oats fluctuated with wheat. After opening unchanged to 35 higher, September 76% to 761, the corn market eased down a trifie and then scored a small rally. Oats started unchanged to % high- er, September 35 to 35% and held near the initial range. Higher quotations on hogs gave a 1ift to the provision market. Quotations: Wheat—No. 2 red, 97%a%8%; No. 2 hard, 97a1.00%. Corn, No. 2 ‘mixed, $612a87% ; No, 83a88%. Oats, No. 2 whit 3 white, 35% a38. " Rye, No. 2, 65%a66. Barley, 58 483, Timothy seed, 4.75a5.50. Clover- seed, 15.00a17.00. Pork, nominal. Lard, 10.62. Ribs, 7.7588.62. Expectance that the government crop report would prove bullish led to a moderate upturn in wh today as the board of trade drew to a close, The finish was firm, » %a% to % net higher, with Septem- ber 97%ad7% to 97% and December 1.00%a1.00% TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) the As- 3%s September 15, 1923, 414% September 15, 1923, v’ December 15, 1928 4368 March 15, 102400000 5%s June 15, 1924.. Giys September 15, 15, 1 00 1 99 15-16 100 1. 1001-18 100 5. 1013-32 1013 101 116 101 3. i '