Evening Star Newspaper, August 13, 1923, Page 18

i18 EAKNESS SHOW . FIN | IN DL AND RUBBER General List, However, Ex- hibits Notable - Strength. Few Individual Features. BY STUART P, WEST. Bpecial Dispatch to The Star. W YORK, August 13.—The stock market today repeated its procedure of Saturday in proving its ability to stand up against the special weak- ness in the rubber and tire s and in some of the oils. The strength of the general list the more notable in view of the news from pe and the slashing of ofl pric northwest themselves we! was to have tures idual sto ome inured There were very _the movements of ind “The main thing “i.enerally. Little atte to the drop in United States Rubber jssues. Rubber preferred below 89 was the lowest &ince the period of sreat depr fon in 1921 Short Covering Brings Rally. Short covering was apparently re- sponsible for the rally in the leather . shar one of the weak spots last week. ' Traders were impressed by the strong behavior of Corn Product and of American Can. It was said t the can companies are doing a picity business. The removal of 1l pressure from the steel stocks was another point of interest It seemed to show that the bhear party has gone as far as it dures to in thi direction, in view of the new business coming into the steel companies. Railw shares were dull but steady Among the public utilitie dated Gas and Columbia - leaders. Consolidated ¢ bought every time it goes around by inve s attracted by the promise of a return on their ey of over S per cent. Also sure that the Supreme Court will i validate the dollar gas la B of Gax Strength. There were two HLONS strength | “olumbia Gus. One was the unnouncement by the president loyes were to he offercd the ibe on the parti pay- ment system for stock at ‘The other was the news that the lic Service Commission of West V. had granted iner e of 5 cents per thousand to the Unit Fuel Gasx Company, operating in that State This, it was estimated, would add some $600,000 a year to the valu of the busin of this company. which a subsidiary of Columbia Gas in paid for the ¥ MARKET TREND DOWN. Irregular Trading, But Effective Buying, in Leading Lines. By the Ansoctated Press NEW YORK. Auzust 13.—Consider- able frregularity developed at the opening of today’s stock market, with the main price trend downward. United States Steel, Baldwin and American Locomotive and Studebaker each open- ‘ed fractionally lower. Mack Truck and Pan-American B each dropped more than a point. Coppers held firm. Heavy buying‘of Baldwin, which re- covered its early loss and moved a point above Saturday's close, and of Utah Copper and American Can, which also advanced a point each, turned the prices upward after the first touch of selling orders had been absorbed. Rubbers_ were again heavy, United |States Rubber and Kelly-Springfield ‘each droppinz a point. Foreign ex- changes opened heavy, French -fr establishing a new low for all time at 5.35 cents. Act on Technical Theory. Unfavorable forelzn political news and comment was practically ignored Ly the stock market during the fore- noon. Bidding up of prices appar- s based on the theory that nosition of the market warranted a rally. The buying was of a rather varied character, but was most effective in the food, mercha dizing _and Woolw leading the advance with a gain of 5 points. Rubbers were again in sup- ply. United States Rubber first pre- ferred being pressed down 3 points to another new low record for the vear. Trading slackened somewhat toward midday. and the top prices of the morning were shaded when floor traders. who had been following the line of least resistance, take profits. Call 43 per cent. Halt in Specuiation. speculation was largely at a stand still in the e afternoon, fluctua tions in the customary leaders being eonfined to the merest fractions. bu with the movement upward. Local (traction shares were more active and higher. _Butte und Superior dropped 8 to 15. the lowest of the year. French and Belgian Bonds Wenkes Weakness of French and Belgian {bonds in reflection of the unfavorable week end political developments in [Europe featured toda regular bond dealing: ‘broke nearly 3 points Paris-Lyon Mediter Beélgian 7ls and Ss_dropped 1 to 115 moints. Mexican were stron YWnited States government held steady Tn tae industrial group 618 broke 415 points to a new low for the vear and the 7s dropped 1%, whil Firginia - Caro Chemical slumped 1% a8, With wa Tants, A gain of 114 points in 1745 of 19 the change railroad were large : PARIS BOURSE IRREGULAR. PARIS, August 13.—Prices moved irregularly on the bourse today. Three per cent rentes, 56 francs 85 centimes. Exchange on London, 82 francs 45 centim Five per cent loan, 7 francs 70 centimes. The dolla 13 centim money opened al ine nd Bordeaux anean 6s and 1 s FINANCIAL NEWS BRIEFED. Special Dispatch to The Star. _NEW YORK, August 13.—The gold Amports movement is growing again. Some $4.625.000 came in today on the Veendam. The Berengaria brought forty-four boxes of gold. tweniy-three of which were consigned to Kuhn Loeb & Co. Stockholders of the Mohawk ing. Wolverine Copper Mining and Michigan Copper Mining companies meet today to vote upon the approval of plan for merging the three com- Ppanies. Min- Stockholders of the Trust Company and Bank have ratified the proposed merger of the two institutions, the same to become effective August 14. Manufacturers’ the Columbia Coffee was_quoted: September, 8.67; December, 7.75; March, 7.40; May, 7.45. Raw suzar 4.48; De- cember, 4.087 Refined sugar: August and Septem- !y(firn, 8.00; November and December, New York bank clearings. $ - 000: New York bank balances, '$69,- 000,000; New York Federal Reserve Bank credits, $68,000,000. Boston bank clearings, $19,000,000. RAW SILK IRREGULAR. NEW YORK, August 13.—Raw silk frregular. Prices per pound: Ki sal double, extra cracks, a7.80; Kansal best, No. 1. 7.15a7.30; Kansai, No. 1 fi 0a7.25: Shinshu, No. 1. 7.05a7.1 Canton, extra A 14-18, 700a7.10. Shanghai, China, steam fil WBcld double deer, 8.50a3.10, steadiness | began to | nd ir- | waus quoted at 18 francs | ANCIAL ! | Alaska Juneau.. Allied Chem.... Allis Chalmers Am Agx Chm pt. Am Beet Sugar. Am Bosch. .... Am Bralke Shoe. Am Can. ;Am Can pt. Am Chain (A).. Am Cotton Ofl.. Am Druggist... |Am H& Leatn.. Am H & Lea pf. Am lce. . Am Interna |'Am Linseed pf. . | Am Locomotive. | Am Sate Razor. } Am Smelting. .. {Am Steel Fdy | Am Sugar. . Am Tel & Te! | Am Tobae (B).. | Am Tob pt (). Am Woolen. {Am Woanlen pt Am Writ Prpf. . Am Zinc & Lead | Anaconda. 3 | Atehison....... Atian Bir & Atl. Atl Refining pf.. Austin Nichols. Baldwin Loco Balto & Ohlo. Ealto & Ohio pf. | Barnesdsll (A). | Barnet Lea pf.. “Bn'h Steel - Beth Stl 7% (n). | Bikivn Bdison { Bklyn Rap T fp.. | Batopilas Min.. | Brown Shoe. . . . { Burns Bros (A). | Burns Bros (B). | Butte & Suprr. | Butterick. . | Calit Petrol. ... Callabhan Zinc | Canaaian Pac son H Gold. Case Plow Wks. Central Leath. . Cent Leath pf. . { Cerro de Pasco. | Chandler Mot. .. Chesap & Ohio. . they feel | IChiRI& C... ! Chi R 1&P6% pf. { Chile Copper. | Chino Copper } Coca-Cola | Colo Fuel. . { Colo & South Columbia Gas. . { Columbia Graph Col Graph pf. | Columbn Carbor Comp Tabulat. . | Cons Gasof NY. { Cons Textile. Cont Can sans Continental Mot | Corn Products. . { Cosden & Co. | Crucible Steel. | Cuban-Am Sug. | Cuba Cane Sug.. | Cuba Cane S pf. | Cuyamel Fruft.. Deere Co pf. | Dome Mines. | Douglas Corpn. Dupont (E1)... | Eastman Kodak | Elec Stor Bat. .. | Elkh'n Coal pf. Endicott-John. . IBrle... ... | Erie 1st pt | Erie 2d pt. ! Famous Players { Famous Play pf. ! Fifith Ave Bus.. | United Fruit. .. | Fisk Rubber. Freeport Tex: Sen Asphalt. ... {Gen Asphalt pf. { Gen Elec spl. | Gen Motors..... Gen Mot 6% deb. | Gimbel Bros pf {Goodrich. . | Goodrich pf... | Granby Consol. | Gray & Davis | Gt Northern pt Great Nor Ore | Gulf St Steel. { Hartman Corp. . | Hayes Wheel | Homestake { Househ'd Prod.. ! Houston Oil.... Hudson Motors. ! linois Central. Inspiration. .... nterb Ra n Comb: i Int Mer Marine. | Int M Marine pf. nt Nickel Intl Paper... nt Tel & Telej ! Invincible Oil {Jones Tea. . | Kansas & Gulf.. { Kayser (Julius) | Kelly-Spr Tire.. { Kennecott. ..... ! Keystone Tire.. {Kinney G R | Kresge (8S). | Laclede Gas. ... {Lee T & Rubber. Lehigh Valléy.. | Lima Locomo. Loews Inc {LoftInc..... {Lorillard (P). Louis & Nash Mack Trucks. .. | Mack Trucks 1st {Macy Co........ Mugma Copper. | Mallinson & Co. { Manati Sugar. .. { Man El inv guar Maracaibo Oil Market SLRy. .. Market St prior. Marland Oil. ... May Dp Stores. . Mcintyre Por. i Mex Seaboard. . Mex Seabd ctfs. Middie St Ofl. Minn & StL (n). | Mo Kan & Tex.. Mo K & Tex pf. ! Mo Pacific... . Mo Pacific pf. . Montg'y Ward.. Moon Motors | Motner Lode. | Mullins Rodv... | Nash Motors pt. | Natl Acme. .. 1 Nat Biscuit. . Natl Biscuit pf. 1 Nat Conduit. . Natl Dept Stores Natl Lead...... Nevada Copper. Newp Ns Gas pf N Y Air Brake.. NY Air Brk (A). N'Y Canne N Y Central. ... NY Ch&StL ctfs. NYNH&Hartfd. North Amer. th Am pt. North Pacific Oklahoma Prod. Orpkeum Circuit Otis Steel. . Pacific Develop. Pac Gas & Elec. Pacific Ol1 Packard Motor. Pan-Am Pete. . Pan-Am P (B). Parrish & Bing. Pennsylvania... Penn Seabd Stl. People's G Pere Marq Phillips Pete. .. Phoenix Hoslery Plerce-Arrow Plerce-Ar pf. Open. K 61% 41% 31 27% 32 70 89 109% 21 4 4% 7 SaM 90% 174 141% 102 85 . 101% 8 8% 500 97k 1% 117 20% L1124 48 57 31 46 23 105% High. 1 617 89% 109% 21 4% ey 7 35 8% 1% 33 3% Blay 665 85 60% 123 141% 102 30% 844 4% 54ty 215 8 15% 61 62 14% 6% 156% 8 47 93 58% 29% 23 44% 34% c 19 122% » 36 12K 11% 9% 31% 467 28 9% 68 11% 21% s 564 13 17 815 % 77 84% 12% 80% 67% 9% 43% 2% 8:% 4 2‘6 2813 84 18 8% 66 30% 76% 16% 11% 10% 6% 1t 10% 27 10% 26% 19% 22 9% 12 97% 11 43% % 36 112% 11% 9% 82 46% 28 98 68 11% 21% 4% 7% 1% 17 8% % 7 34% 12% 6074 68% O , 43% 28 884 4l 22% 284 8% 18 Low. K 60% 41% 81 27 31 70 8% 109% 20% 4% 4% 7 34% 90% 1T% 28 1% 21% 5 19 12 32% 66% 58 607% 62 14% 6% 165% 88 73 93 58% 29% 23 44% 84Y% 18% 8 66 29% 75\ 16% 11% 10% 6% 1% 10% 27 LAY 26% 19% 21% 94 12 7% 11 4215 = 43 122%7122% T22% | % 36 112% 1% 9% 31% 46% 28 97% 68 11% 21% 44% 656% 1% 16% 8% % 77 4% 12% 60 67% % 43 2% 88% 40% 21% 28% 8 18 Ciose. % 2 41% 27 81 70 B6% 109% 20% 4% 4% 7 85 9% 17% 33 72% 5% 564 34 604 128 141% 102 % 36 112% 1% 9% 82 46% 28 9% 68 21% 44% ‘| petition 1% NG STAR, WASHINGTON, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. High. 60 60 89% B89% 30% 31% 43 43 45% 46% 18% 18% 124 134 337% 35% 10 10% 53% b63% 44 4“4 19% 19% 63% 64 115% 115% 42% 42% 26% 27% 67% b7k 22 22% 951% 96% b 8% 73 30 174% 22 884 13% 85% 314 63 9l 50% 32% 117 110% 881 | | Pitts Coal. ..... (Pressed St C pt. Produc & Ref... Pub Servic | Punta Alegre... i Pure Ofl.... ! Rapld Tran Sec. Rap Tran Sec pf Ray Con Copper Reading 1st pf. . Rep Ir & Steel Reynolds Spr. Rey Tobac (B). Rey Tob pf B. Royal Dutch St L Southwn. .. St L South pt. Savage Arms. Schulte Stores. . Seaboard Alr L. eabd A Lof.... | Sears Roebuck | Shell Tr & Tran. Shell Union. Sinclair Oil. Sinclair pt. Skelly Ol South Pacific. | Southern Rwy Southern Ry pf. Spicer Mtg pf... St Ofl of Callf. .. Stand Ofl of N J. StOilof NJ pt.. teel & Tube pf. tewart-Warner Strombg Carb.. 65% Studebaker..... 1024 Submarine Bt... 8 Texas Company. 424 Tex Gulf Sulph. 56 Texas & Pacific. 15% Tex & PC&Oil. 8w Tide Water Oil.. 100 Timken Bearing 38 | Tobacco Prod A. 8t Tobucco Pro pf.. 109% Trans Cont Oil.. 5% Underw'd(new). 38% Union Pacific. .. 123 | Utd Dyewooa 43 United Drug 80% Utd Ry Inv p U S Food Pro. US Hoffman M.. U S Indus Alco. . Realt S Rub 1st pf “anadium Corp. va-Car Chem. .. Vivadou. Wabash........ Wabash pf (A). eb & Hellbrn. West Pacific. ... Western Union. 106 Westhse EI&M. Wheeling&L E. White Eag Oil.. Wickwire. Wilson Co...... Willys-Overld. . Willys-Over! pt Woolworth. Wright Aero. 67 . 236 10 67 241% 10 238 10 High. Call Money ER L HOURLY SALES OF STOCKS. 11 a.m. 131000 12m 179 500 1pm 214100 2p.m. 242 400 SEEK TO RECOVER BAIL SECURITIES !Bankmpt Broker Wants $150,000 in Liberty Bonds Returned. By the Associated Pross BALTIMORE. Md. August 13.-A filed in United States today by Joseph S. Knapp. for the ( munity Fin Company bankrupt “blind pool.” for the of $150,000 in liberty bonds furnished as security for bail in New Yeork recently. The bonds are zed to part of mo Montgomer. pany, from customers. The security was given to the National Surety Company and the Detroit Fidelity and ! Surety Company. Judee Soper required the companies to show cause on or before August 17 why they should not be re- Strained from disposing of the secur- ities deposited with them by Mont- gomery, ording to the petition, the Com- munity Finance Company failed with | outstanding obligations of $10,000,000. DEAF BEGIN CONVENTION WITH 5CC DELEGATES Georgia Governor to Welcome Tri- ennial Session at Atlanta to Last Week. DBy the Associated Press. ATLANTA. Ga. August 13.—The fourteenth triennial convention of the National Association of the Deaf. with approximately 500 delegates from all parts of the country in at- tendance. convened here yesterd The convention will continue throu the week. Gov. Clifford Walker will deliver an address of welcome at the first formal session tonight. Receptions, Last. an was court trustee recover: » have heen ¢ Austin other attractive features of enter- tainment are on the week's program. The organization was created for !who have lost their faculties of speech and hearing. It helps them in securing employment and assumes a great deal of the responsibility of | educating handicapped persons. | BANK EMPLOYES FAVORED. CHICAGO, August 13 (Special).— the Iliinols Merchants’ Bank will be permitted to purchase stock-in that institution on a part payment plan. Not more than ten shares will be s0ld to any employe and initial pay- ments of at least $10 and additional payments of at least $5 a month are required. | % | Employes of one year or longer of i | MILLIONS IN TRUST MERGER. CHICAGO, August 13.—Consolida- {tion of the Century Trust and i Savings Bank and the Chicago Trust mpany, representing combined de- posits of $19.500.000 and resources of about $24,500,000, will become ef- fective early 'in ‘September, officlals of the institutions announced yester- day. SAYRE TO SIAM POST. Wilson’s Son-in-Law to Become Adviser to King. SANTA BARBARA, Calif, August 13.—Francis E. Sayre, Willlams pro- fessor and son-in-law of former President Woodrow Wilson, expects to leave the United States In October to accept an appointment as adviser in international law to the King of Siam, it has been announced from his sum- mer home here. Definite terms of the appointment will not be known until an answer is received from a cablegram sent Sfa- mose ofcials by Prof. Sayre, in which he tentatively accepted, provided the poat would entail a contract for a pe- riod of only one year. b2l Sayre Ig professor f interna onal ‘law in ams. He married Miss Jessie Wilson in 1918, H. | jr.. promoter of the com- | iFrench and German Speak- bonding | dances, sightseeing tours and many | the purpose of aiding men and women | | tional public o | terct anges | going nto the | high of éarly J | Ruhr poli | out { count EUROPE'S SLUMPS FACTOR IN MARKET Review of Situation, With Possible Rupture of Entente in Ruhr Considered. Special Dispateh to The Star. WALL STREET, NEW YORK, Au- gust 13.—Today's dealings afforded the clearest test yet given of the im- portanc. of the Kuropean situation as a factor in the markets. Over Sunday had come the news of the German cabinet overturn. Also the of the note from Gre: Britain to France had been officially published. There was no doubt that rupture of the entente sces Great Britain had declared the Ruhr venture illegal and had hinted at further action to bring the question directly before the bar of interna- n. France was ex- pected to maintain her unyielding at- and thus a succession of in- was foreshadowed, each one drawing wider the breach. Reflected in Finwnces. financlal markets of the day pinion fn no uncer- French francs nch government and idsues were very weak in markets. For the moment francs were held up by the measures which the Brus- nt has adopted to check & movement. But Belgian rowed the strain elling today s, compared with the 2 just prior to the Fi Ruhr. Belgian f ound_ 1.50, compared with 6.9 ary This very seveme shrinka measure of the judgment of the at large regarding the whole co-Beiglan exploit. Defenders of the are stll trying to make decline in the franc is other cause. Recently tried to muke out that and enguged in @ “hear ma- ation™ to enfore roview ese theor! rded as in- 1y silly. 1d re terms The expre tain the gian that the to some have sinking countrics its in their budgets In the faiiure of German repa- and this failure, in the eyes financial world, appears every ume a greater degree of use th crushing de of ons the habilit he sole ws, or response to the bad for- far as the security irkets were concern was con- d to the foreign government 1. Other bonds did not go down Stocks, after a rewhat uncertzin ning. were inclined to do better. Three Conclusions Drawn were three co been dra t of the d t the home t caused the recent decline njore than the uncertaintics abroad. The sec- ond w 1t European possibilities and their reaction upon American business are something about which there has been a great deal of e aggeration. The third s that stoc exchangi prices are down to a level where they are no longer sensitive to pessimistic talk. Beyond the fact. however. ing was coniined to two dividual stocks the marke importa But there was no sign of [ i Speculators working for the decline who recently were calling attention to the way “good news” was falllng flat. were con- fronted with the opposite xpectacle of “bad news"” having no effect. This influenced, more or less, short cover- ing, and the demand for short ac- kept the market steady, with here and there some gains lusiors that n from the The first T postiion that r th END OF RESISTANCE nce | IN RUHR PREDICTED ers at Williamstown Inter- pret Cuno’s Fall. Ity the Associated Press. WILLIAMSTOWN, Mass., August 13. ] | —Early modification of the German at- ance in the Ruhr I of the Cuno gov- of titude of passive re as a result of the ernment in Germany and the rise the government headed by Dr. Strese- | ann was predicted last night by Canon Ernest Dimnet of Paris and Coun: Hurry Kessler of Germany, who are at. tending the Institute of Politics at Wil- liams College. Sir Ed d Grigg of London, presenting the English poin of view, took a less optimistic attitude, holding that the Stresemann govern- ment would have no effect on the repa- rations situation. Canon Dimnet, fall_of the Cuno government, called it victory for common sense.” Count Kessler, a personal friend of Dr. Strese- mann, sald the new premier is firmly convinced that some settlement must be reached with Franc even at the cost of great sacrifice. Sir Edward Grigg said that while the Stresemann cabinet policy will probably be one of fulfillment, as was that of the Wirth and Cuno cabinets, it has not the power to carry out its program against the great indus: trialists, who, he said, have never in tended to pay reparations, although the mags of the German people are willing to pay. Count Kessler sald the new government will afford Germany her last chance to avoid red revolution. Canon Dimnet did not agree with this. Act of People. “The fall of the Cuno government,” Canon Dimnet said, “shows that a large sectlon of the German people now rec- ognize the folly of resistance in the Ruhr. 1t has accomplished nothing save to increase still further the German government's financial embarrassment. Apparently the people's party has de- cided that this foolish drain shall not continue. With this much admitted the door stands open to the most favorable developments. .Dr. Stresemann should form a government more representative of the popular will. It should continue in office at least long enough to permit Stresemann to accomplish what Thiers did In France after the war of 1870.” Canon Dimnet, although expecting favorable developments from the Stresemann cabinet, sald he did not look for any new catastrophe in the event the new government should not maintain its promised strength. Record of Stresem “Stresemann has been the man be- hind the throne In the Cuno govern- ment,” he said. “He is one of the ablest parliamentarians in Germany and he is strongly in favor of a rap- prochement with France and Britain. Hilferding, he said, is one of the foremost authoritles on finance In Germany. B “If England and America can get France to be reasonable,” Count Kessler added, “the government will have a chance to live. In any case this is the last chance Germany has to avoid a red revolution. There is no possibility of anothe: inistry in Germany if this one fail Sir Edward Grigg, in stating_ his opinion that the change would have no definite effect toward a speedy reparations settiement, sald that Ger- many’'s trouble is lack of a leader in whom the people have confidence. He doubted whether the new govern- ment had any more stability than its predecessors and sald that Streso- mann and Hilferding are not the 1 ers to work out a policy which many as & nation will follow. commenting on the nearer. | broke | D. C, MONDAY ON NEW YORK [ S— Received by Privata *¥ire (Bales are in §1,000.) UNITED STATES BOND:! (Fractions represent thlfl.‘ “;"“ Example: 101-1 means 1011-32) Hales. High. Low. Close. Lib 3%s. 100-8 Lib 2d 4s. 8~ Lib Ist 43 Lib 2d 4348 Lib 3d 43¢s Lib 4th 4% US4%s1952. 277 100-3 100-1 1 98-4 98-4 T4 98-8 98-8 225 T 985 229 98-28 396 98-10 98-7 29 99-20 99-18 FOREIGN. Bales. High. " 1024 89% 994 5% 98 109% 88% 5% 82 96% 99% 101% 100% 99% 103% 102% 103% 424 109% 8914 Low. 102 89% 97 95% 974 109% 83 73% 8l 96 99 101% 9% 99 103 102% 103 424 109% 89 99% 92 110 Argentine 7 Austria 7s ctfy Belgium 7% Belgium | Belgium 8s. “lern 8g “olivia 2. ordeaux 6s | Brazil 7 Brazi) 8s. i Canada bs : |Canada 51,8 192 Canada 55 1931. Canada 55 1952. i Chile 85 1946 Chile 88 1926 Chile 85 194: inese Gov Ry Christianfa 8s. . Copenhagen 514, Cubabiswi..... Czechoslovakia 8s. Denmark 8s !5 nmark ¢s. Dutch E15%s. ... | Dutch East I 8¢'4 Dutch East I 6a's: Framerican 71s. . French Govt 8s. French Govt 7 Haiti 68 ctfs |Japanese 2d 41 {Jupanese is. . . Jergen U M 6s Lyons 6s Marseilles 6s. Mexico 5s. Mexico 4s. ... Netherlands 6 Norway 8s Norway 6s Orfent Dev Paj r b 6s. ris-Ly's-Med 6s. ague Ths....... QueenslandTs. ... | Queensland 6s. ... Rio de Jan 83 1946. Rio de Jan 85 1947 o Paulo,City,8s { Sao Paulo,State. | ne, Dept of, 78 ! Serbs Crotes Slo 85 | Soissons 6s. {$weden 6s. | Swiss Confed 8s Toklo 8s..... Ud Kingm 55 Ud Kingm 5%s '3 ‘ruguay 8s.. Zurich 8. 105 11415 T4% uz 1011 103 110% MISCELLANEOUS. Ajax Rubber$s.... 1 931 {Am AgrChem 7%s 3 97 {Am Chain s f 6s'338 91 | Am Cotion Ol 5s. . B4y | Am SmIt&R 1st 5s. 91 {Am SmUt&R 6s. 101% | Am Sugar Ret 6 1024 |Am T & Tev 6s. 1154 ‘I.-\mT&T;llrfis 98% |AmT& Tcltr4s 9244 ! Anaconda cv db 7s. 54 100 | Anaconda 1st 8s. .. 9744 Armour & Co 4355, B4 {Earnedall s f 8s. 948 Bell Tel Pa Gs rots 9714 Eeth Steel 5328 '63. k Beth Steel rf 6s. | Beth Steel pm 5s. . | Beth Steel s f 68 | Brier H St 18t 53y, | Bkiyn Edison 7s D. | Bklyn £d gen €. . | Bush T Bldg 6s'60. Central Leather 53 {Cerro de Pasco 8s Chile Copper 6s on Coal Md 1st 5s. { Cuban-Am fuk S8 1 Cuba Cane cv d 8s. | Cuba Cang cv 0. {Dery (DG 7 A | Det Edlson re | Diamond Mth i Du Pontde N 73 | Duguesne Light 6s | E Cuba Sug 73s. Empire F&G 7 { Fisk Rubber 8s | Gen Elec deb 5s | Gooarlen 614s. ... IOnuflyear €8 1931 Goodyear 88 1941 Hershey 68 1942 { Humble O&R 5%s. Lilinois Bell 18t bs. Indiana Steel 5s. Int Mer Marine 6: !KCP&Lt5sA 52 | Kelly-Spring 8s. Liggett & Myrs 93i4 96% 94 101% 1017 115% 1 *° © - NouwmaormorkmosloonioroaNee 944 109% » 95ty 90 104 %+ 100% £97, 101% 116% 981 7% H43y 100 7419 904 107% 118% 18 108 938 105% 100 8415 95 7% 98% 9Ty a535%- 3 8 107% 118% 118 1084% 98% 105% 100 841y 95 7% 9845 97%, 109% 105% 94% 93% 9015 107% 92 96% 90% 91% 101% Tim 81Y% 107% 1034 96% 9L 974% 97% 84 947% 100 105 934 102% 107% 111% 864 106% 102% 89 9% 81% 61y 102% 110 107% 94 95% 96% 5 86% 3 103% o s wmSERRoN~wie Mi-h St Tel 1st 5s. fidvale Steel bs. Montana Power 5 { Morris&Co 1st 438 i Nat Tube 1st is New Eng Tel &s IN3 dsndst 63w IN Y Tel6s '41. N Y Tel 4%¢s. | N Am Edison 08 N States Pow orthwst B Tel 7s. Otl3 Steel Ths. ... Otis Steel 8s. . Pacific Gas & El 68 Pa>T & T63'62. Phila Co ref 65 A Pierce-Arrow 8s. Public Service 58 P.nta Alegre 7s Sacks & Cost 7 Sinclair Oil 30 Sinclair Oil 6% w 1567 £.aCrudeOil 6s... 12 1Sin Crude O11 6%s. 14 Sin Pipe Line 5s. South Bell Tel &s S0 Por Rico Sug Stecl & Tube 78 Tcan Elec Pow Tide "7at Ofl 6%s. . Toledo Edn 1st 7s.. Unit Drug cv 8s. j 5 Rub 18t rf 58. U 'S Rubber 73%s. U S Steels f 58 Utah Pow & Lt bs.. Vertientes Sugar 71 4 Va-Car Chem 7s.... 13 Va-Car Ch Ths w Warner Sugar 7s | West Unlon 63 Westinghouse 7s Wickwire Spen 7s. 1ilson & Co 1st 6s. Wilzon&C cv 73 ‘Wilson & Co cv 6 Winchester A 7% e 105 937 93% 90 914 96% 8014 91% 101% 1% 813 1074 103% 95% 89 9674 9Tis 84 94% 100 104% 93 NACAROD HEARTORR B O~ 967% 97k 833 9474 100 104% 93 102% 107% 111 6 106 101% 8% 9TH 8114 80 102% 109% 10735 94 95% 96% 86% 103% 107% 111% 8614 106 102% 9% 81% 61t 102% 10984 1074 94 954 961 863 1035 TREASURY CERTIFICATES. (Quotatiors furnished by Redmond & Co.) ~——Noou.——, Bid. Offer. 1123, T 1928 1923 septamber eptember 1 December 13, Mareh 135, 1924 s June 13, 192 & Beptember 13 {s March 15, 1 98 June 15, 192! 4% December 15, 1025. 4%s March 15, 1926. 101 1015 101710 101 .16 100316 100 9.32 £015-16 100 1.82 0% 995 1001 100 11.32 0 a0y 100 13.32 10014 0% 100 NAME ATTACHE TO U. S. ROME, August 13.—Signor Calder- ara has been appointed aviation at- tache to the Italian embassy at Wa, ington. EMPLOYMENT “AT BALANCE.” CLEVELAND, August 13 (Speclal). —Employment in this section just about reached cording to B. C. Selpl: of the state-city employment bureau. More new construction work was started in the last month than in any similar period this year. — ., All is but lip wisdom that wanteth experience. 109% | 107 | 102% § 8% | AUGUST 13, 1923. BONDS e s Direct to The Star Office. RAILROADS. High. Atchizon gen 4s... 28 914 Atchisonadjds.... 1 80% AtlanticCL 1st 4s. 2 86% P&Oprinsis... 2 9% B& O gold 48 L18 TTh o 100% B&Ocviys 18 B&Orefss .13 B&O PLE&WV 4s. 1 814 83% B & O Toledo 4s... BklynR T bs 3 5 5% 65 BKIR T 7821 ct... 11 BKIRT7s'21 ctst. 13 % % 86% 81% Canadian North 7 113% Canad North 6 uzy Cunad Pac deb 4 80 Car Clinch & O 6; 97 Cent of Ga 6s. . 101% Central Pacific 4s. Ches & Ohio cv b Ches & O cv 4%s Chi & Alton 3% Chi B&Q gn 4s '58. Chi B&Q st rf 5 Ch: & E 11l gn b8 Chi Great West 48 CM & Puget Sd 4s. 7 ChiM&SP rf4%s. 19 ChIM&St P cv Bs.. 17 Chi M&SE P 4525, 69 |ChiM&S Pev 4 23 Chi& NW7s ChiRysbs......., ChiIRTI& P gn 1s.. ChIRI& Pacrf 4n. Chi Un Sta 61 {Chi & "W Ind cn 4s. CCC&StLrf6sA.. 1 Cleve Term 5s ctfy Cleve Term 6%s. Colo & Sou 43,s. CubaR R 7%s. CuaRRls... Del & Hd 1st rf 4s. Den & Rio G cn 4s. | D & Rio G imp 5s. . D& RG st rf 5s. . Det United 43%s. .. Erie 1st con 4s. ... rie con ext 7s rie gen 4s. rie conv 45 A rie conv 4s B. {Erie convds D. Gr Trunk sf db 6s. Grand Trunk 7, Gr North gen 7a. . . Gr North gen 5. Havana ERL&P 58 Hud & Man ref 5s. , Hud & Man aj 55 Iil Central ref 4s. Tl Cent ref 6s '55. . Il Central 536, 11t Rap Tran bs. .. Int Rap Tr 58 stpd. 1 Inter R Tran 6s. Int Rap Tran 7s. .. Int &G Hlowa C Towa Cy | Kansas City S 3s. 158 City S 5. Lake Shore 4s ‘25 . Lake Shore 4831, | Lehigh Valley 6s. . Long Island rf 4s Louls & N uni 4s Loufs & Louis & Low. Close. 91% 91% 80% 80% 864 E6% 95% 95% 7% 1% 100% 100% 81% 81% 834 K3% 5% 76% 65 65 1% 7% 1% 1% 86% 86% 81% 81% 112% 118% 1125 112% 79% 80 96% 97 101% 101% 87% 884 88%, 86% 28 874 98% 784 46% 55 51 57 4% *56 107% 7% 8% 744 113 70% 101% 954 102% 102% | s24 821 | 102 1 5% { 2 21 85% | 43 | 54 | 58 | 1037% | 43% 85% | 8874 | 185 | Manhat Ry cn 4s. . 8w | Market St cn Sl s2u | 16% | &Tlstdes.... prinbsA. 4s B (e adjss. .. T T T T 1Mo Pacific 6 & & & | Montrl Tm 1st ntgen 3%s. ent deb 6s ¥ Cent deb 4s. i 257 | 72 | 54% | 30 | 91 oo 8. ew Haven c d 6s ew Haven d 48 57 Norfolk & W cn 48 orthern Pac 3s orthern Pac 4s. ., Northn Pacr i 6s. . Northern Pac §s D. lOre & Calit1st 55, . 10 o jOre Short Lrefds. 7 92y Ore-Wash 1st rf 4s 12 79% | | Pentneyl gen 5s.... 12 | { Pennsyl gen 41 ! | Pennsyl 6348 . Pennsyl gold 7s. .. | Pere Marq 15t 5s. . 10 iRapid Tran 6s w 1. 149 | Reading gen 4s 9 {RIATK& L4}s... 2 8 1 87 % ‘SILASFMlsA.. i Lé&SF prin5s. L&SFincé6s & S F adj 6s &SFplesC.. W Ist 4s P & KCShL 41;5s. San A& Arn P ds.. Seab'd AL 4ssta.. Scab'd A L ref 4s. . Seab'd A L adj bs. Seab'd A L con 6 Sou Pacific cv 4s Sou Pacific ref 4s. . Sou Pacific clt 4s. . uthern Ry 1st 6 5 Southern Ry gn 4s. 81 Southern Ry 6%s.. 13 Third Averef4s... 3 Third Ave adJ 5s... 13 TolStL& W4s.... 1 Tol StL& W 3%s. 1 | Union Pac 1st 4s... 48 jL'nlOn Pac 1strf 4s { Union Pac cv 4 Union Pac cv 6s. {VaRy & P 1st | Wabash 1st 58 ! Wabash 2d bs i\\‘enlern Md 48 | Western Pacific 5 Wezt Shore 1st 4s. TOTAL SALES (Par Value): 11am.. 2354000 12noon 3544000 1p.m.. 4363000 2p.m.. 5167000 SHORT-TERM SECURITIES. | (Quotations furnished by Redmond & Co.) —~-~Noon.-——— Offer. S | ion ot | 102 | i it 102% 102y | Yoicy 100 B s Is s s t t L IStL % iStl 5 ZahSeaneoma 48 1 2 13 3 1 1 1 Aluminum Co. of Amer. Aluminum Co. of Amer. { American Cofton 01l 0 | American American T American Tel. ! Annconda Copper 68 1620 Anglo-Amertcan Ol T4 ell 2 B5¥s 1 Cent. Argentine Rwy. s 10: R e Chicago Tel. 2 Du Pont 7158 10 : Federal Sugar Ref. ‘s 1033 . Goodyear T. & It. Ba 1031, Great Northern s 1080, Hocking Valley 0s 1024. Huwble 01l 5158 198 < City Term, att Copper n 1030. Nefl & Libby 78 &S, 8. M. 1 1924 i 10818 s it o 10 i 1ofs; i {VANCOUVER GRAIN FIGURES. VANCOUVER, B. C., August 13 (Spe- clal).—Grain shipments from this port for the 1922-1023 season totaled 18,860,000 bushels, or nearly three times the shipments of the previous season. Great Britain received 14,500, 000 bushels and the orfent the re- mainder. Vancouver is preparing to handle 50,000,000 bushels of the 1923 crop. NEW YORK PROVISIONS. NEW YORK, August 13.—Flour, firm; spring patents, 6.00a6.50; spring clears, 5.00a5.75; soft winter straights, 4.50a hard winter straights, 5.25a na. R. 0. & St. Paul Unfon Depot Bigs 192 { Sears, Roebuck & Co. Kwifd & Co, s 105 65. Pork, dull; mess, 24.50a35.00. Lard, steady; middle west, 11.20a11.30, 503 i ! 89 |31 | th # | advance, FINANC IAL. Grain, Produce and Live Stock LOCAL WHOLESALE MARKET. Eggs — Strictly fresh, selected, carled, per dozen, 28a20; average receipts, 28; southern, > Live poultry—Roosters, per 1b., 15 turkeys, per 1b., 26; spring chickens, per b, 27a33; s, young, each, 40; fowls, per 1b., 24. Drosged poultry — Fresh killed spring chickens, per 1b.. 40a45; win- ter chickens, per Ib. 36; hens, per 1b., 30; roosters. per 1b. 18a20; tur- ke per 1b, 35a40; keats, young, Live stock—Calves, cholce, per 1b., 11; medium, per lb, 10a10%; thin, per 1b, 6a7. Lambs,’ spring, ver 1b., 12; live pigs. 3.00a5.00 each; live hogs, per 1b., §%. Green fruite—Apples, new, per bas- ket, 50a2.50. California oranges, per crate, 5.00a6,50. 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; pony, 17 flats, 1.25a1.50, New potatoes, per 5.50; No. 2, 2.00a3.00; y potatoes, bag, 4.75a5.00. New sweet potatoes, 5.00a8.00 per bbl New York lettuce, per crate, 50al Romaine lettuce, per crate, Cabbage, crate, 3.00a3.50; nearby, 2.00 per bbl. Eggplant, per crate, 2.00a 3.50. Tomatoes, % bushel basket, near- 25a50. Beans, 1.00a2.0 per bbl . 2.50a3.50 per basket. New York celery, per crate, 5.00a6.00. Squash, 25a 50. 1.00a1.50. IKKale, per bbl 1.50. Spin- ach, per crate. §0a1.00. North Carolina Iimé beans, 1.00a1.50 per basket ; home- grown lima beans, 20a30 per qt. GRAIN AND PROVISIONS. BALTIMORE, Md., August cial).—Potatoes, new. bbl., per 100 Ibk, 1.50a3 bu, and yams, bbl 5a1.40. ts, 100, 5.00a7.00. 6.00a12.00. ~ Carrots, 7.00. Celery, doz., 75a90. Corn. doz, 15430, Cucumbers, basket, 35ai5 Eggplants. basket, 90. Onions, bu, 75a yellow, 100 1bs., 2.00a3.00. Peppe basket, 40a50. cet A3 Tomatoes, 50: green, 30a50 hil., 1.2528.00; ackberries, qt., 50. 10a12. Damsons, 15a22; Kleberries, qt.. 18a25 che 20a6! Lasket, 45a1.00 Watermelons, 100, 100, 5.0 basket b: 1b., 10 red winter, v red winter, 3%, < Bug lots 98 nearby sold at range of §8 to 98 per bushel. No cargoes on grade. Corn—Cob, new., contract, spot. no no quotations; or better, 5.00 per barrel; auotation; No. 2, track corn, yel- 1.04. No. 2, 51%: No. 3 No, rye, 5 Dé . Receipts, 39 tons: fair demand new’ timothy and gt clover mixed at 20.00 to 25.00 r ton. on for old hay practically No. 1 tangled rve, 1 wheat, 12.50a13.00; oat, nominal, 14.00a15.00. DAIRY PRODUC August 13 (Spe. Spring _chicken. he: old P Peppers, per crate. North Carolina, | Squash, | Bar- | (GASLIGHT COMPANY LISTS NEW BONDS Ten-Year Issue Appears on Local Exchange, Followed by Vigorous Selling. Application for the listing of the Washington Gas Light Company's recent issue of $4,000.000 6 per cent ten-year bonds the Washingtor Stock Exchange was today granted by the board of governors of the ex change. prior to the beginning trading. In the selling that followed these bonds featured the session, total of $7,000 selling at 100%. Thes closed strong at 100 bid and 100% asked. The new bonds, which have been traded in on the unlisted de- partment, have been extremely popular with Washington investors The $1.000 issues have maintained a level of 100%. while the smalle denominations have been even mor- popular at higher price Variety in Trading. Well varlegated trading on the exchange, be ed between the stoc Georgetown 159, and Gas : g trend being upward. Railway 45 w unchanged at and Pepce |solldated 58 changed hands at 97 In the stock liet, oniy th popular fssues we Traction sold at pa way preferred at Lanston was firm £ Money Outlook Unchanged The mony outlook of th cour practically 4 from the several weeks federal rese ratio, which ks owS no mat e preceding worel increase in rediscounts member banks of on prevai & equally div and bond 1 brought & the past two wee cent, other names hardly 4 per cent. The bulk of the moves at 53 per cent. There is 1o significant { underiving tendencies credit.” All ‘conditions point tinued good_business the year. New York lLa a more decided se: credit manifest few weeks. It | When seasonal should show In mercial paper. Heavier Borrowing Soon Du Heavier borrox Ay for cultural requireme in { from now until the Howeve banker. }levels will not change tent as to interfere w ness undertakings. Int expected to continue comfortable Officials of the Merchants Bank ani Trust Company have returned to their Institution after short vacatic Blue Ridge mountains. Vice 1 Frank Harman, jr. has been a gue i at Monterey Inn, Pa., while Treasu i Popkins has ended & short sojourr: | Deer Park, Md COTTON ESTIMATES change in t f money con: pigeons. | guinea fowl : (loss off )— ive and ne rste, dozen. 28a291,; southern. Puiter—Creamery. good to A46; prints. $5a46 ladles. 34a35; packed, 31a32; 31a3 print rolls, store dairy CHICAGO. August 13.—Butter low- er: creamery extras, 42; standards, 4134; extra firsts, 40a41; firsts, 38a39; eco 36236 £ higher: (Un culture).—Hogs AGO. August 13 Department of Agr —Receipts, ,000 head; un 1y higher on desirable grades: st es 20 to higher; bulk, good . 160 to 240 pound average: top. 0 bulk desirabl , 7.6028.00 welght 5a8.30; 6.80a8.00; medium light light, smooth, 6 light, packing sow |ing Cattle—Receipte. 23,000 head: bet- er grades all killing classes around ! lower on 12.25 enly steers, long yearling: westerns to feeder loads steers bulk veal outsiders stead, sthe some hel bidding une yers, 7500 and vearlings ers to packers 11 paying, 12.00a12 buils, 4.40a1.65: 2.30; stockers and feeders, her. €p—Receipts s and grades of Ia Yearlings steady to strong: mood and choice {ern fat lambs. 12.60a12.75: natives " 12.00a12.25; culls mostly, 5.00a six_doubles good Washington Vearlings sorted, one double out, 10.25; best 1ightwelght Towa fed west: ern 6.00; feeding lambs, gen- erally, 12.60a12 CHICAGO GRAIN MARKET. bulk bulk canners_around 15 to 25 16,000 head; all bs generally aged stock CHICAGO, August 13.—Strained re- | lations between Great Britain and France together with disturbed con- | ditions In Germany led to a decline in wheat prices today during the early dealings. A new low level for francs and a setback in wheat quo- tations at Liverpool gave emphasis to bearigh sentiment. Selling, however. was more or less checked by predic tions of a shortage of bread wheat by the curtailment of the estimate of yield in Canada. Opening prices, which varied from unchanged figures to % lower. with September 991 to 99%. and December 103 to 1.03%. were followed by a moderate general sag. t‘n\'m‘uhl» weather for corn growth eased the corn market. . After open- ing a shade to % off. December 625 to 62%, corn declined a little all around. Oats were relatively firm owing to | continued rains which threatened damage to oats in shock. ket opened at * decline to a little December 37% to 37%, and later held near to the initial ra WHEAT— Open. High. Low. September ... 991 1013 D1a ] L4 RGN December e S AT September CANADA WHEAT OUTLOOK. Bureau Estimates Total of 382,- 514,000 Bushels; Heavy Decrease. OTTAWA. August 13.—The Do- minfon bureau of statistics today forecast Canada's total wheat crop for this year will be 382,514,000 bushels, or 17,272,400 bushels less than last year's final estimate. The fore- cast Is based upon crop conditions at the end of July and is predicated upon a continuance of favorable weather conditions. BAR SILVER QUOTATIONS. NEW YORK. August 13.—Bar sil- ver, 63%: Mexican dollars, 48%4. LONDO! August 13.-——-Bar silver, 31 1-16 pence per ounce; money, 214 er cent; discount rates—short bills. a3l per ‘cent; three-month bill 3 3-l6a3ly per cent. 1 ed States | en. most- ! bologna | season east of the Rockies and | The mar- | CALLED TOO LIBERAL nearby creamery to Keep Closer Tab on Rav- ages by Insects. ONEONTA. Ala, August —De- claring that vield of boll weevil iy fested cotton is often over-estimated the Department of Agriculture's ndition _reports, Representative C. Allgood, seventh Alabama as written Secretary Henry ! llace, asking that “more defi- | nité information be secured” by crop | reporters concerning damage by in- sect pests | Mr. Allgood said in his communi- | cation that information gained wh {he was commissioner of jof Alabama, caused him | that “spinners and speculators | the advantage over the farme last vear's report.” and “millions | of bales of cotton were sold around 13110 a bale at the beginning of the { scason.” Finally, Mr. Allgood a jserts, when the full effects of weev {damage was reflected in gin repo cotton sold In the spring at $130 a | vale Representative Allgood said in his i that many farmers are forced to sell their staple early in the fall lto pay debts and that such planters jare entitled to a price justified by con- |ditions of the crop Mr. Allgood asks Secretary Wallace {to deal specifically w i {age in comparizon w ito show what per cent of the o {crop has been destroved as indi ! by fallen squares, punctured bolls and { aostroved acreage. He alko requested | specific data on weather conditions as | they might affect the Insect pests and {on the extent to which poisons have {been used to fight cotton enemies 'MOB DEATH PUTS 1 i TWO IN PRISON letter Virginians Charged With Murder of Percy R. Robbins, Twen- ty-Seven, Richmond. By the Assoctated Press. RICHMOND, Va., August 13.—Charges of murder were preferred today against | Willlam Ganzert and Jennings French {both twenty-two vears of age, in con- {nection_with the d. Percy R. Robbins, twenty {was beaten by a band of men i Saturday morning when he left his h to locate a younger brother, who inot returned from work. An autopsy today by Coroner J. M Whitfleld showed Robbins suffered a ! fractured skull and had many bruises and cuts on his body. Headquarters de tectives have been assigned to the case | with the view to apprehending oth alleged members of the gang. The exact motive for the attack on | Robbins has not been disclosed. He was requested by his mother shortly after midnight Friday to go in search of his brother and_while on his way hon from a nearby telephone was set upon { by the band of men. who, the authori declared, apparently were Iying in v for him.” Robbins’ mother witnessed the % [ affair from the porch of her home. un- aware it was her son who was being | attacked. An inquest into Robbins' death will be held tomorrow. Pending arralgn- ment in police court on August 31, Gan- sert and French have been remanded to | fail’ without bail. FRANC SLUMPS IN PARIS. By the Associated Press. PARIS, August 13.—The French franc dropped below 18 to the dollar today for the first time, the quota- tlon averaging 18 francs 1% cen- times. This is the fifth successiva low mark registered in the past week. The previous low was 17.41 to the dollar in November, 1921. DULLNESS IN WOOL. BOSTON. August 13 (Spectal).—The wool market was suffering today from the extended between- seasons’ dull- ness. The delay in a resumption of buying put a Severe strain_on the holding position of dealers. The ma- jority of opinfon seemed to be that mill buyers would do well to purchase now, ad prices are’ deftined to rise later. P ] y